- 1). Create an online bank account, which allows business owners and managers to print directly from the bank's website. The printout should provide enough information, such as the company name and possibly the phone number, to reconcile the account and enter information into the general ledger.
- 2). Collect the receipts yourself from the external party electronically or on paper. Although requesting the receipts may cause a delay in the reconciliation process, business owners have a right to see company receipts for themselves to verify payment amounts and to itemize spending.
- 3). Consider asking the third party to complete bank reconciliations for you. If the third party is unable or unwilling to do this, consider collecting your own receipts or looking for a new third party.
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