Bank reconciliation in case of timing differences

chaitri kharod (115 Points)

03 February 2022  
bank reconciliation is required in two cases
1) due to timing differences
2) due to error in entries

my question is...
is bank reconciliation still required in case of timing differences?? bcoz in digital era like paytm, Google pay, net banking, etc we can be informed instantly about receipt and payment...so there is no timing difference between passbook and cash book...