How to Efficiently Reconcile Backlogged Accounts Before Year-End
If you run a business in Canada, you know the feeling. You open your accounting software, whether QuickBooks or Xero, and the trial balance shows a balance that does not match your bank statement. The last clean month-end closing was three quarters ago. Invoices are logged, but the journal entries for GST/HST and payroll are incomplete. This is the moment when you realize you need to reconcile backlogged accounts, and the task feels overwhelming. I have seen this situation
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