Precise Reconciliation
We match your bank and credit card statements with your internal records to ensure every transaction is captured accurately, preventing costly errors and providing a clear view of your cash flow.
Automated transaction matching and categorization
Identification of missing receipts or duplicate entries
Monthly discrepancy investigation and resolution
Fraud monitoring and unauthorized charge alerts
Bookkeeping services are not tax, legal, or audit advice.
Bank & Credit Card Reconciliation FAQs
Why is bank reconciliation necessary?
Reconciliation ensures that your business's records match your actual bank activity. It helps identify missed transactions, duplicate entries, or bank errors, providing a clear picture of your actual cash position.
How often should accounts be reconciled?
Accounts should be reconciled at least monthly, following the close of your bank statement cycle. This prevents errors from accumulating and ensures your financial reports remain accurate throughout the year.
What records do you need from me?
We typically need view-only access to your bank and credit card statements, as well as access to your accounting software like QuickBooks or Xero. For specific transactions, we may ask for receipts or invoices.
What if my accounts don't balance?
If accounts don't balance, we perform a detailed trace of transactions to locate the discrepancy. This might involve looking for unrecorded checks, bank fees, interest, or timing differences that affect the totals.
Do you handle credit cards differently?
The process is similar, but we also ensure that payments made to the card from your bank account are correctly matched to avoid duplication. This keeps your liability balances accurate on your balance sheet.
Is remote reconciliation secure?
Yes. We use standard secure practices, including encrypted connections and view-only permissions where possible. We do not need signing authority or the ability to move funds to reconcile your accounts.