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If you are transferring money from your business account to your personal account, does the personal account need to be reconciled?

The short answer is no.

The long answer is that you only need to reconcile any accounts that are owned by the business such as your cheque account, savings account, or a business credit card.  The exception to this rule would be if you have a personal account which is used purely for business purposes (ie: not personal spending) then you can reconcile this if you choose, but it is best in that case to have the account transferred into the company name.

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