Follow the money - The real reason you need a three-way reconciliation.
In this brief dialogue, the speakers stress that the bank’s records are the ultimate source of truth when reconciling financial data. They argue that entries in accounting software like QuickBooks, case management tools such as Clio, or any custom spreadsheets can be altered, but the bank activity cannot. The conversation also highlights the complexity of handling trust accounts that are often tracked in separate spreadsheets and micro‑registers, underscoring the need for a three‑way reconciliation process that aligns bank statements, accounting records, and internal registers.
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