bank errors
Definition
The accountants' or bookkeepers' responsibility to check bank statements thoroughly to report any mistakes between the financial institution and the company's financial records. By not reporting any discrepancies, the company could stand to lose money in unnecessary fees and transactions.
Related Articles
- What Is a Capital Gain and What Does It Mean For My Taxes? *
- The Difference between Financial Advisors and Financial Analysts *
- Planning for your Child's Future *
- Introduction to the Federal Reserve and its Structure *
- Investing In Costa Rican Property *
- Assessing Risk While Building a Portfolio *
- An Overview of Credit Regulations *
- Short Selling *
Related Videos
http://www.businessdictionary.com/definition/bank-errors.html
