I have never done a bank reconciliation. I have not done any bank reconciliations this year. I do bank reconciliations regularly. I use a software program to do reconciliations. Bank reconciliation features are difficult to use.
Bank reconciliations are a waste of time.
I don't need bank reconciliation functions. The Corporations Law requires companies to maintain accounting records to a standard that necessitates bank reconciliations. Most accountants say that bank reconciliations are necessary for most businesses to maintain proper accounting records. Many accountants advise that sole-practitioner businesses, such as barristers, do not need bank reconciliations. This is because many sole-practitioners are not corporations, and business expenses often do not get paid solely from a business account but there is often a blurr between private and business record keeping.