For reliable data on the company financials the timely booking of the business transactions, the reconciliation with the company’s bank accounts and the periodically closing of the books are essential tasks. Current and accurate financial data is the basis for financial statements: balance sheet, profit and loss statement and cash flow statement. These overviews reveal how the business is doing and has done in the past are are commonly presented to the board of directors. They are also needed for the preparation of taxes and requested by investors.

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