Depending on your jurisdiction you are likely required to perform a 3-way reconciliation every 30 or 60 days. While it is important to meet these requirements, you should actually be doing this much more frequently. Reconciling your accounts on a daily basis ensures that you will notice any errors or inconsistencies as they occur, opposed to the end of the month. See how CosmoLex’s bank data feeds allow your firm to reconcile on a daily basis with ease!
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