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Amanda Russell here on YouTube, as the business finance coach, introduces a tool called Catch Up Bank Statements in a free spreadsheet template for accounting. This tool is designed for those who have fallen behind on keeping their accounting records, allowing users to easily catch up on category totals for income and expenses. The goal is to help users quickly and easily get back on track with their accounting, enabling them to focus on managing their money effectively. This tool emphasizes the importance of staying informed about financial transactions to make informed decisions.