The purpose of maintaining the latest bank statements within accounting software is to show the correct financial position for your business at any time. Without importing an electronic bank statement into your accounting software, entering each transaction would be a time consuming and costly task. Importing transactions into your accounting software is a standard task that Bookkeepers carry out.
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The “Importing Bank Statements into [Accounting Software Name]” procedure is recommended to be included within the Finance section of your Company Manual.
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