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Bank Reconciliation
The process of matching a company’s internal accounting records with its bank statement to identify discrepancies, errors, or missing transactions. Regular reconciliations ensure accuracy in cash reporting and help detect fraud, double entries, or bank errors before they become bigger issues.
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Business Valuation
The process of determining the economic value of a business, used in sales, mergers, or fundraising.
Breakage
Revenue recognized from unredeemed gift cards, vouchers, or prepaid credits that customers never use.
BAS Agent
A professional registered with the Tax Practitioners Board authorized to prepare and lodge BAS on behalf of businesses.
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