Does Your Bank Actually Agree With Your Books?
If you are not sure, that is the exact gap reconciliation is built to close,before a small discrepancy quietly turns into a costly problem.
What This Process Catches
Unauthorized charges. Vendors who submit invoices twice through different channels. Bank fees nobody logged. Employee misuse of a company card. Businesses that reconcile monthly typically catch these issues within a few weeks of when they happen. Businesses that skip reconciliation often find out a year later, after the damage has compounded significantly.
What Is Actually at Stake
A seven thousand dollar gap between your books and your real bank balance could be a simple timing issue. It could also be fraud, a duplicate vendor charge, or a billing error that has been silently repeating for months. Without reconciliation, you have no way to tell the difference. You are making financial decisions based on numbers that may not reflect reality.
What Every Reconciliation Actually Covers
Every transaction in your bank and credit card statements is matched line by line against what is recorded in your books. Outstanding checks and pending deposits are tracked and accounted for. Every mismatch is investigated and fully documented,what it was, why it happened, and how it was resolved, so there is a clean record every single month.
What Gets Checked Every Month
- All bank account transactions matched against your accounting records
- All credit card charges verified and correctly categorized
- Outstanding checks and deposits in transit properly accounted for
- Every unmatched item traced, explained, and documented
- Final reconciliation report delivered with full notes on any discrepancies
FAQ
Frequently Asked
Questions
How long does monthly reconciliation take?
Four to six hours for a typical small business with one or two accounts. Higher transaction volume or multiple accounts push that number up.
What if the numbers do not match at all?
That is precisely what this service is built for. Every discrepancy gets traced to its source, whether it is a timing difference or something more serious.
Can this actually catch employee theft?
Yes, and it is one of the most common ways fraud is discovered. Monthly reconciliation creates a documented trail that makes unauthorized transactions very difficult to hide for long.
Do you reconcile credit cards too, or just bank accounts?
Both. Credit cards actually require more care because every charge also needs to be correctly categorized for your financial reports to mean anything.