Accounting makes use of what is commonly called a double-entry method. This means that every time a credit is entered, a debit is entered. When a small business reconciles its revenue, it shows not ...

Your company's reconciliation of net worth, also known as surplus reconciliation, is the accounting of business deals that increase or decrease its net worth. The goal of the reconciliation is to ...

Account reconciliation is a critical process in financial accounting where internal records are compared with external documents to ensure consistency and accuracy. It helps verify that all ...

QuickBooks hides reconciliation undo features from normal users. Reversing old reconciliations requires undoing them in sequence. Switching into Accountant mode unlocks the secret "Undo" option. Get ...