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Accounting Teams at Banks

Question: 
What are the basic duties of bank accounting teams?
Answer: 

In-house accounting staff are responsible for the bank's general ledger. They also prepare and maintain a variety of reports pertaining to the bank's lending and deposit activities. Reports may be for internal consumption or for the bank's regulators. They also oversee the timely payment and recordkeeping of bank expenses and support financial decision-making.

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Read more about back-office staff.

Vendor: 

AccuSystems develops document management and exception tracking software for financial institutions. Trusted by more than 15,000 bankers worldwide, AccuAccount automates exception tracking, streamlines audits, and simplifies loan imaging. Request a demo, register for a webinar, or download a free whitepaper.

First published on 02/20/2022

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