As a business owner or financial manager, it’s essential to maintain accurate financial records and keep track of all financial relationships with customers and suppliers. One of the critical tools in maintaining these relationships is debtor/vendor reconciliation, a process of comparing your company’s records with those of your customers and suppliers to ensure accuracy and…
Tag: Debtor reconciliation
Understand debtor reconciliation in business
Debtor reconciliation is an integral part of any business. It allows you to keep track of the money owed by customers and ensure that payments are made on time. It is a crucial part of managing your business finances, as it helps you to keep a tight grip on your cash flow. Understanding debtor reconciliation…