Personal Finance
The 6 Errors in Month-end Accounting
By Bully The Bear  •  August 1, 2017
Every first of each month, I'll do my month end accounting for the previous month. This means that I will do a bank reconciliation to make sure that all the accounts are properly tallied and accounted for. Today, when I was doing the same thing I had been doing for years, I realised I had a surplus of $1k. That is, my actual cash that I counted had about $1k more than the amount that is reflected digitally. This is usually a happy problem for some, but for me, any amount more than $50 is a huge major red flag. That means there's some major discrepancy somewhere.


Usually the problem lies with the income part. I must have forgotten to record some cash that I received. In the midst of trying to find out where the error occurred, I discovered yet another major error. I had 3 records of my ......
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By Bully The Bear
La papillion is french for butterfly. This blog chronicles my journey from an amateur in the stock market to where I am today. Have I turned into a beautiful butterfly? I don't know, but I think my metamorphosis is still on-going now :)
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