What are the steps to create a Profit and Loss budget? What value do budgets provide a business? Why should a business reconcile a checking account? Who should prepare a bank reconciliation? Explain the difference between the Budget Overview report and the Budget vs. Actual report. What button is used to replicate amounts across several months in the budget worksheet? How do you know if you have correctly reconciled an account? What are the steps to change a Budget Overview report from covering a year to covering just one month? What should you do if you discover a deposit was recorded by the bank but not recorded in the checking account (determined to be an error in the checking account)? What are the initial steps to begin a bank reconciliation?