Does it matter?
It matters if you are using a separate bank account for all your business expenses and income earnings.
If you do have a separate bank account, here are 3 benefits of reconciling your accounts:
-you can identify unusual transactions due to error or fraud
-you can verify that all income and expenses have been recorded in your books of account and that the cash is balanced against your bank account.
-you can get hold of any missing or duplicate transactions.
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