Services

Bank Reconciliation

Bank reconciliation is the process of comparing and matching the transactions recorded in a company's accounting records with those reported by the bank in its statement. This ensures accuracy and consistency between the company's financial records and the bank's records. During reconciliation, discrepancies such as outstanding checks, deposits in transit, bank fees, and errors are identified and resolved through adjustment entries.

• Comparison of Records

• Clearing Outstanding Items

• Prevention of Errors and Fraud