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Bank reconciliations are an important accounting procedure, performed by companies of all sizes, to match the cash balance of the bank with the balance found on the company’s financial records. Reconciliations can detect and prevent intentional fraud, along with errors by bank tellers, accountants, employees and management. Although bank reconciliation is typically a month-end procedure, companies with smaller cash resources might perform it daily.
SNC and LSC are both wholly owned Nigerian consulting and auditing outfits respectively with a pedigree in the area of Accounting, Training, Software, Tax, and General business turn-around activities.