How do you prepare monthly financial statements? - Part 1

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Welcome back to Meru Accounting Youtube Channel. Today in this part 1 we will discuss some points that need to Review for Monthly Financial Statements. Some points are mentioned below.

1) Emphasizes matching bank balances in statements with accounting system.
2) Ensuring clear transactions in Bank, credit card, and payment gateway conciliation.
3) Importance of accurately coding transactions based on the nature of the business.
4) Consideration of materiality concept in account categorization.

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