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Reconcile Credit Card Statement

oboloo Glossary

Reconcile Credit Card Statement

Reconciling a credit card statement is an important process for any business. Essentially, it involves comparing the transactions on your credit card statement to the transactions that you have recorded in your internal books or records. It ensures that all of your bills and payments are accurately reflected in both places so you have an accurate view of your finances. This reconciliation process should be performed at least once a month to make sure everything is accurate and up-to-date. It’s also important to note that discrepancies between your account and the statement should be immediately reported and investigated. Reconciling your credit card statement is an essential part of running a successful business.

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