Account reconciliation is the method of checking the financial statements and transactions of the company in order to identify, if any, the gaps and to resolve them. Effective balance of bank accounts is vital for auditors to assess the correctness of the company’s financial statements and to ensure compliance with regulatory / legislative requirements.
Since Account Reconciliation Services is a process that involves painstaking effort and attention to detail, it is best outsourced. If accounting reconciliation is not your core competence, why not consider contracting accounting reconciliation services to a financial expert?
- Reconciling your bank statements with the records kept by your company
- Reconciling your credit card receipts with your bank records
- Invoice matching with your ledger and journal entries
- Partial reconciliation services
- Full reconciliation services
- Sequencing of checks