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  2. What is a bank reconciliation statement? - AOL

    www.aol.com/finance/bank-reconciliation...

    A bank reconciliation statement is important in managing your busines finances. This document can help ensure that your bank account has a sufficient balance to cover company expenses.

  3. BAI (file format) - Wikipedia

    en.wikipedia.org/wiki/BAI_(file_format)

    In 2008, the Bank Administration Institute transferred copyright ownership of the BAI file format to the Accredited Standards Committee X9, Inc. - Financial Industry Standards . As of early 2009, the document is being revised by an X9 committee of bankers and corporate members to become an American National Standard.

  4. Reconciliation (accounting) - Wikipedia

    en.wikipedia.org/wiki/Reconciliation_(Accounting)

    Reconciliation in accounting is not only important for businesses, but may also be convenient for households and individuals. It is prudent to reconcile credit card accounts and checkbooks on a regular basis, for example. This is done by comparing debit card receipts or check copies with a person's bank statements. Benefits of reconciling:

  5. Bank reconciliation - Wikipedia

    en.wikipedia.org/wiki/Bank_reconciliation

    A bank reconciliation statement is a statement prepared by the entity as part of the reconciliation process' which sets out the entries which have caused the difference between the two balances. It would, for example, list outstanding cheques (ie., issued cheques that have still not been presented at the bank for payment).

  6. Balance sheet - Wikipedia

    en.wikipedia.org/wiki/Balance_sheet

    In financial accounting, a balance sheet (also known as statement of financial position or statement of financial condition) is a summary of the financial balances of an individual or organization, whether it be a sole proprietorship, a business partnership, a corporation, private limited company or other organization such as government or not-for-profit entity.

  7. Open Financial Exchange - Wikipedia

    en.wikipedia.org/wiki/Open_Financial_Exchange

    Many banks in the US let customers use personal financial management software to automatically download their bank statements in OFX format, but most Canadian, [7] [8] [9] United Kingdom and Australian banks do not allow this, however, many banks do support downloading financial data in OFX, QFX, QIF, or spreadsheet format via their web interface for later import into financial software.

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