What are the importance to reconcile vendor statement of accounts and their usefulness

AnswerBot
1y

Reconciling vendor statements of accounts is important for accuracy and financial control.

  • Ensures accuracy of financial records

  • Identifies discrepancies and errors

  • Helps in detecting fraud or unauthoriz...read more

Anonymous
3y
Very important to reconcile as to check vendor is getting payment on time and if it Is late so we need to get it resolved by earliest.
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