Without proper accounting skills, you might run the risk of fraud or rogue spending, which will ultimately impact your startup's growth. As such, it is crucial to prepare reconciliation reports as often as possible.
Credit Card Reconciliation3
The goal of reconciliation of any account or statement is to ensure that the information inputted into financial management software, general ledgers, or other financial documentation software programs is accurate based on what is reported elsewhere.
It's important that you understand the role of a credit card receipt. For many of us, it is easy to forget how important receipts are until we find that we need them.