In other words, you need an ontology – a structured schema that categorizes and defines relationships among various pieces of information to make sense across clients. The information exists in your notes, but now it’s becoming increasingly difficult to work with due to inconsistencies and...
Stripe’s automated system handles this comparison, enabling you to capture revenue accurately and reconcile your internal accounting systems with Stripe-processed charges and refunds at a transaction level. Reconciling your bank statements simply means comparing your internal financial records against the records provided to you by...
When conducting a reconciliation at the end of the month, the accountant noticed that the company was charged ten times for a transaction that was not in the cash book. And while most financial institutions do not hold you responsible for fraudulent activity on your...