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Bank reconciliation statement is a statement reconciling the balance of cash at bank as shown in an enterprise's own records and that indicated in the bank statement on a particular date. In other words, it is a statement that reconciles the balances of the cash book and the passbook during a particular period.

Preparing a bank reconciliation statement can sometimes prove to be a difficult task. Discrepancy may arise due to difference in time of recording entries in cashbook and pass book.

Outsourcing maintenance of bank reconciliation statement is a practical option for companies to save time and effort.

Benefits of Outsourcing Bank Reconciliation Statement

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