What Reconciliation Actually Is — And Why It's Not Automated | Books and Backbone

Bank feeds aren't reconciliation.Automatic downloads, transaction matching, bank rules, and AI can make bookkeeping much more efficient. But reconciliation is something different: it's the process of verifying your accounting records against independent evidence.In this episode of Books & Backbone, Donna explains what reconciliation actually is, what happens when the books don't agree with the bank statement, and why even a seemingly insignificant discrepancy deserves attention.You'll also learn why getting a reconciliation to zero isn't necessarily enough, why credit cards need to be reconciled too, and why an account can reconcile perfectly while the underlying accounting is still wrong.You don't need to reconcile your own accounts. But you should know whether the person handling your books is actually doing it.Not sure whether your books accurately reflect your business? Schedule a Financial Clarity Call with Bookkeeping Made Simple.Schedule a call: mysimplebookkeeping.com/contactWebsite: mysimplebookkeeping.comPhone: 801-692-0032Books & Backbone is brought to you by Bookkeeping Made Simple.