Cash Reconciliation is a process that ensures all of your financial records are accurate and consistent. It involves reconciling both internal and external documents to ensure that everything lines up properly. This includes checking the cash register summary against bank deposits and customer payment records, making sure those payments are in line with the total sales for the period, and ensuring that taxes have been accounted for correctly. By proactively performing cash reconciliations, businesses can easily identify errors and take corrective steps to prevent further discrepancies. It’s an invaluable tool for any organization looking to be on top of their finances!