A Bank Reconciliation is a process of matching your income and expenses from your records against the money received or spent from your bank account/s or loan/s.
A Balance Sheet in a business is basically a list of what you owe, are owed and what you own. It is used to show your business’s “nett worth” at any one time.
An essential part of any business’ internal processes is making sure that the balance sheet does exactly that – that it balances! Performing a “Bank Rec” regularly will help determine any account errors as well as any significant problems, such as fraudulent activity – you need to have an equitable Balance Sheet.
If you are unsure of how to complete a “Bank Rec” correctly this can often turn into a long, drawn out process which is why I’m here to help.
I can complete your “Bank Rec” in a timely, efficient manner and bring any errors to your attention.
Call now to find out more.