Harold Averkamp is a former university instructor known for his clarity in presenting accounting information. He now spends his time developing a free website of accounting material, AccountingCoach.com.
Simplifying The Bank Rec A bank statement reconciliation or "bank rec" is an important step in maintaining the accuracy of your financial records. When a bank rec is getting you down, it might help to recall this simple rule: PUT IT WHERE IT ISN'T.Here are three unrelated items to illustrate this easy-to-remember rule: Item 1. The bank statement shows a maintenance fee of $6.00. Since this bank fee is shown on the...... Similar Editorial : Fire Your Bank by Michael Carey. | Source : Government Savings Bonds
