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Bank Reconciliation

Compliance & Accounting
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Want to detect frauds? Want to know your bank records and cash records are accurate? Our Team will help you  to detect Errors and provide accurate datas.

 

Bank Reconciliation is the process of matching and balancing figures in accounting statements and compared with bank statements. Reconciling the two accounts helps identify whether accounting changes are needed. Bank reconciliations are completed at regular intervals to ensure that the company’s cash records are correct. They also help detect fraud and any cash manipulations.

Offerings:

  • Prepare Bank Reconcilation Statement.
  • Bank reconciliations are an essential internal control tool and are¬†necessary in preventing and detecting fraud. They also help identify accounting and bank errors by providing explanations of the differences between the accounting record's cash balances and the bank balance position per the bank statement.
  • A bank reconciliation statement¬†summarizes banking and business activity, reconciling an entity's bank account with its financial records. Bank reconciliation statements confirm that payments have been processed and cash collections have been deposited into a bank account.

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