What this service is.
A bank reconciliation compares the balance in your accounting records with the balance on your bank statement and explains every difference. It is one of the most effective ways to confirm that your books are correct.
Why it matters
- Finds missing entries, duplicates, wrong amounts and bank charges not yet recorded
- Highlights unusual or unauthorised transactions early
- Confirms your real cash position
- Is expected by auditors and lenders
What our team does for you.
Our work for you
- Compare each bank statement entry with your books
- Identify and explain timing differences such as uncleared cheques and deposits in transit
- Identify errors, duplicates and missing entries
- Record corrections (such as bank charges and taxes deducted by the bank)
- Prepare a reconciliation statement showing how the balances agree
- Flag anything unusual for your review
From first call to finished work.
Receive data
Bank statements and your current ledger.
Matching
We match every transaction.
Investigation
We investigate unmatched items.
Correction
We post agreed corrections.
Report
We deliver the reconciliation statement and a short list of issues.
Documents and details to share.
- Bank statements for the period
- Access to your accounting records
- Explanations for any unusual transactions where you can provide them
What you receive from us.
- A reconciled and trustworthy cash balance
- A list of errors found and corrected
- A cleaner base for financial statements and audits
Every week, we meet you.
You should never have to chase us for news. We hold a meeting with every client each week to share progress, answer questions and agree what happens next.
- A clear update on what was done this week
- What is coming up and what we need from you
- Any issues raised early, not at the deadline
Common questions.
How often should reconciliation be done?
Monthly is best practice. Businesses with high volumes may benefit from more frequent checks.
Can you catch up on past months?
Yes. We can reconcile earlier periods to clean up your records.
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Book a consultation and tell us about your business.