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What is the purpose of a bank reconciliation? When speaking to an account manager and she/he told you they don't have time to reconcile the bank account every month, how would that need to be encouraged to be done?

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This question involves the fundamentals of accounting

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Hi there,
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<br>What is the purpose of a bank reconciliation?
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<br>Prepare a bank reconciliation when you receive your bank statement every month. This is a very important part of your cash control procedures. It verifies the amount of cash you have in your checking account.
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<br>The cash balance in your books will never agree with the balance shown on the bank statement because of the delay in checks and deposits clearing ...

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