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 Accounts Reconciliation Is the Key to Detect Fraudulent Transactions: WHIZ CONSULTING- Accounts Reconciliation Is the Key to Detect Fraudulent Transactions: WHIZ CONSULTING
- April 29, 2022
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“Whiz consulting says that reconciling accounts helps to point out any fraud or monetary discrepancy that can occur in the business.”
In simple terms, accounts reconciliation is the comparison of the money to be spent with the money spent. The accountants perform a systematic process to record correct balances in the accounts. The internal balances are compared with the external balances or a third-party record to determine if any difference occurs. The accountants perform account reconciliation with business owners to detect fraud or monetary discrepancies.
Reconciliation of accounts consistently helps business owners to...
- View more at: https://www.1888pressrelease.com/accounts-reconciliation-is-the-key-to-detect-fraudulent-tran-pr-706793.html
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