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Flow Chart Of Bank Reconciliation PPT For Presentation

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Seven Nodded Bank Reconciliation PowerPoint Slide

A flow chart of bank reconciliation is a visual representation of the process used to compare an organization's financial records with their bank statements. The flow chart typically begins with the identification of the starting balance, which is the balance from the previous reconciliation. The next step is to compare deposits and withdrawals from the bank statement with those recorded in the organization's records. Any discrepancies are then investigated and adjusted accordingly. The flow chart may also include steps to reconcile any outstanding checks, record interest and fees, and prepare a final balance. If you want to explain more about flow chart of bank reconciliation, you can use this slide.