Reconciling your bank accounts each month keeps your records up-to-date and gives you an accurate understanding of cash available for your business. Having us reconcile your account each month allows you to:
- Identify lost checks, lost deposits and/or unauthorized wire transactions.
- Potentially detect and prevent excess/unjustified bank charge.
- Ensure transactions are posted correctly by your bank.
- Potentially detect and prevent embezzlement of funds from within your company.
- Understand how your business is doing. You cannot truly understand the financial position of your business unless all accounts are reconciled and properly accounted for on your financial statements.
- Manage your cash more effectively.
- Dispute unauthorized, fraudulent or forged checks presented and paid by your bank before fraud goes too far.