Bank reconciliations are an important accounting procedure, performed by companies of all sizes, to match the cash balance of the bank with the balance found on the company’s financial records. Reconciliations can detect and prevent intentional fraud, along with errors by bank tellers, accountants, employees and management. Although bank reconciliation is typically a month-end procedure, companies with smaller cash resources might perform it daily.
Having us reconcile your account each month allows you to…
- Detect Fraud
- Prevent Overdraft
- Identify Bank Errors
- Improve Collection Actions
- Detect and prevent embezzlement of funds from within your company.
- Know how your business is doing? You can’t really know unless all accounts are reconciled and properly accounted for on your financial statement.
- Manage your cash more effectively. Proper management of funds not only saves money, it makes money for you.