ABIBLO FINANCE - ACCOUNT RECONCILIATION

Abiblo Finance - Account Reconciliation 
It is a form of procedures with the aim to justify the reliability of the accounting record of the company. It usually done on daily, monthly or on annual basis by regularly comparing the balance of transaction. 
It may also mean a procedure to make sure that the balance in the cheque book matches the bank statement. 
Therefore banks reconciliation statements need to be produced.