Home/Bookkeeping/Bank Reconciliation Only
Books That Look Finished Versus Books That Are
Every account matched to its statement, which is the step that makes the rest of the numbers worth trusting.
What Reconciliation Actually Checks
Reconciling an account means proving that what the books say happened matches what the bank says happened, transaction by transaction, with every difference explained. Until that is true, a profit and loss statement is an opinion.
- Operating and savings accounts
- Credit card accounts
- Loan and line-of-credit accounts
- Merchant and payment processor deposits
What Gets Caught
The same handful of problems turn up again and again, and all of them are cheap to fix in the month they happen and expensive to untangle a year later.
- Duplicate entries from a bank feed that imported twice
- Checks written and never cleared
- Deposits recorded twice, once from the feed and once by hand
- Transfers between accounts booked as income
- Card payments recorded as an expense a second time
Included, Or On Its Own
Reconciliation is part of every monthly and quarterly close here. It is also available on its own for businesses that handle their own data entry and want an outside check before a return is filed, a loan application goes in, or a partner asks a hard question.
A standalone engagement covers a defined set of accounts for a defined period. You get the reconciliation reports, a list of the differences found, and the entries needed to correct them.
Reconciliation Support For Huntsville, AL Businesses
This is a common first engagement for businesses around Huntsville, AL and Harvest, AL that are not ready to hand off the whole bookkeeping function but want the balances verified by someone outside the office. It runs entirely on read-only access, so nothing has to change hands.
Common Questions On Bank Reconciliation Only
Do you need full access to my accounting file?
Read-only access is enough to reconcile and report. Correcting entries requires either edit access or a list of adjustments for your bookkeeper to post, whichever you prefer.
How many months can be reconciled at once?
Any number, though they are always done in order. Reconciling out of order hides the month a difference started in, which is usually the useful piece of information.
What if the account will not reconcile?
Then the difference gets traced rather than plugged. An unexplained balancing entry is how a small error becomes a permanent one on the balance sheet.
Often Handled Alongside This
Monthly Bookkeeping
The most common arrangement in the practice.
Read moreQuickBooks Cleanup / Reclassification
Targeted repair on an existing file: duplicate accounts merged, transactions reclassified, opening balance equity resolved, feeds reconnected, and prior periods reconciled and closed so the history stops changing.
Read moreChart Of Accounts Setup
The structure the rest of the bookkeeping sits on, built around how your business earns and spends rather than a generic starter list.
Read moreLet's Look At Your Numbers Together
Twenty to thirty minutes, in person at the Harvest, AL office, by phone, or by video, whichever suits your week.