ACCOUNTS
Explain the difference between the bank and the ledger.
A matching total alone is not the end of a reconciliation. The useful result is an account of timing differences, missing entries and items that still need investigation. We help reconcile agreed bank and payment records to the corresponding accounting balances.
Identify the complete population
We confirm the bank accounts, payment platforms, currencies and date range included. Statements and opening information establish the starting position. Transfers between accounts need both sides considered, while merchant settlements may need fees, refunds and deductions separated from gross sales.
Investigate rather than force a match
We work through unmatched receipts, unpresented payments, duplicated entries and other exceptions within scope. Timing items are distinguished from errors and from matters lacking evidence. Proposed corrections require the appropriate approval. An unexplained difference is not written off simply to produce a zero balance.
Retain the reconciliation evidence
The output can include a reconciliation schedule, an exception register and approved accounting adjustments. Each unresolved item has a description and a next action. The engagement also identifies how subsequent statements and late transactions will be handled so that the next period begins from a clear position.
Common questions
Does a connected bank feed remove the need for reconciliation?
No. Imported records still need review for completeness, classification and their relationship to the accounting entries.