The significance of bank-enterprise reconciliation

Bank-enterprise reconciliation balances the accounts of both parties by mailing a "bank-enterprise balance statement". The main function is to prevent financial risks.

Bank-enterprise reconciliation is a regular task for internal control of commercial banks. With the rapid development of network technology and modern communication technology, more and more customers use electronic banking to complete daily banking services. Accounts and self-service accounts are becoming more and more popular.

Reconciliation includes monthly reconciliation, quarterly reconciliation, and half-year reconciliation. The balance on the account as of the end of the last month is checked. Generally, reconciliation is required to be completed within 15 or 20 working days.