What is RECONCILIATION and why is it important?

In this video we’re looking at what reconciliation is and why it’s important for your small business accounts. As per usual, I am not an accountant. Always used a good accountant. More about our renovation work on our sister channel here:    / gosforthhandyman   ✔ Help support this channel by joining as a member: https://smallbusinesstoolbox.uk/member/ ✔ Follow me on X: https://smallbusinesstoolbox.uk/yt/x ✔ Support me on Patreon: https://smallbusinesstoolbox.uk/yt/pa... ✔ Newsletter: https://smallbusinesstoolbox.uk/newsl... Here's some affiliate links to services I use or would consider using. If you think they would be a good match for your business please use these links - many include offers exclusive to this channel. Read more about affiliate links at the bottom of this description: 👉 InvestEngine for investments: https://smallbusinesstoolbox.uk/yt/in... 👉 Tide for business banking: https://smallbusinesstoolbox.uk/yt/ti... 👉 SiteGround for web hosting: https://smallbusinesstoolbox.uk/yt/si... 👉 123-Reg for domain names: https://smallbusinesstoolbox.uk/yt/12... 👉 Acronis for data backups: https://smallbusinesstoolbox.uk/yt/ac... ⚠️ Disclaimer ⚠️ This is not accountancy, financial, tax or legal advice. Always use a good accountant and legal / financial professional. If you make an investment your capital is at risk. My opinions are my own and don't necessarily reflect the views of the companies I deal with. I sometimes earn commission from affiliate links - these don’t cost you a penny and help to keep this channel running. Read more about affiliate links here - the fairest way of funding the internet: https://smallbusinesstoolbox.uk/affil... - thanks so much for your awesome support! All content on this channel is exclusively owned by MacLellan Creative Limited. Copyright (c) 2022. All rights reserved. #Accounts #SmallBusiness #SelfEmployed