Your friend, who owns a small landscaping business, asks you the following questions:

Someone told me that I should be preparing bank reconciliations for my business account. Why do I need to do this? If I want to know how much cash I have in the business, can't I just look at my bank balance online?

Required

Respond to your friend's questions.

UP6-2 (Bank reconciliation and cash management) Your friend, who owns a small landscaping business, asks you the following questions: Someone told me that I should be preparing bank reconciliations for my business account. Why do I need to do this? If I want to know how much cash I have in the business, can't I just look at my bank balance online? Required Respond to your friend's questions