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A bank reconciliation statement is a summary of banking and business activity that reconciles an entity’s bank account with its financial records. The statement outlines the deposits, withdrawals, and other activities affecting a bank account for a specific period. A bank reconciliation statement is a useful financial internal control tool used to thwart fraud.

Software with Bank Reconciliation

PRODUCT NAME SW SCORE(OUT OF 100) AGGREGATED RATINGS (OUT OF 5)
Xero 98 4.3
Quickbooks 98 4.2
Freshbooks 98 4.3
Zoho Books 97 4.4
Wave 96 4.1
MYOB 94 3.9
FreeAgent 94 4.7
Sage Accounting (Sage One) 93 4.7
Accounting Seed 92 4.3
Qonto 92 4.5

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