Payment Reconciliation: Definition, Best Practices, and How You Can Do Better

junho 22, 2023

This involves reconciling credit card statements with the company’s internal records of credit card transactions, verifying their accuracy, and managing expenses. A tried and true method to keep on top of expenditures and inflow is to maintain a cross-check method, which is payment reconciliation. The concept involves internal documentation of expenses through an established system.…
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