Your Books, Checked Against The Bank Every Period
You keep doing your own entry. Each period, your bank and credit card accounts are reconciled to the statements, and anything that doesn't match comes back to you with a short note.
Bank Reconciliation Services For Homestead, FL Owners Who Do Their Own Entry
Some owners like doing their own books. You know every customer, you enter the deposits yourself and you'd rather not hand over the day-to-day. What you want is someone to confirm that what's in QuickBooks matches what actually happened at the bank.
That's what these bank reconciliation services cover. Alex reconciles each bank and credit card account to its statement, flags what doesn't agree and sends you a short list of items to fix or explain. It's the lightest of our bookkeeping services in Homestead, FL: small business account reconciliation where the owner stays in charge of the entries.
- Every business checking and savings account
- Every business credit card
- QuickBooks Online and QuickBooks Desktop files
- A written list of everything that didn't match
One Period, Start To Finish
The routine is short on your end. Most of the work happens after the statements arrive.
You Finish Your Entry
Record the period's deposits, bills and card charges the way you always do, then send over the bank and card statements for the same dates.
Each Account Is Tied To Its Statement
Every cleared deposit, check and charge in the file is matched against the statement. The ending balance in QuickBooks has to agree with the bank's, and when it doesn't, the difference is traced to the transactions behind it.
Mismatches Get Flagged
Anything that doesn't agree goes on the list: a deposit entered twice, a charge missing from the file, a check recorded for the wrong amount, an old item that never cleared. Each comes with a note on what was found.
You Fix Or Explain
You correct the entries in your file or reply with what a transaction was for. Once every account agrees, the period is done and the next one starts from a balance you can trust.
Questions From Owners Who Want To Keep Their Own Books
What's the difference between this and full bookkeeping?
With bank reconciliation only, you do the entry and categorizing, and Alex checks the balances against your statements as your bank reconciliation bookkeeper. With monthly bookkeeping, every transaction is entered, categorized and reconciled for you, with reports after each month closes. Many owners start with reconciliation and move to full bookkeeping as the business grows.
Does a reconciliation mean my categories are right?
Not entirely. A reconciliation proves the transactions in your file match the bank, but a deposit can match perfectly and still sit in the wrong income account. Obvious miscategorizations get pointed out when they turn up. If the whole file needs sorting, a QuickBooks cleanup and reclassification handles that.
My accounts haven't been reconciled in a year. Can I start now?
Yes, but the unreconciled months come first. Reconciling this month on top of a year of differences doesn't work, because old errors carry forward into every new balance. Those back months are brought current through catch-up bookkeeping, then the regular reconciliation picks up from a confirmed balance.
Which accounts should be included?
Every account the business uses to take in or spend money: checking, savings and each credit card, including the card that only gets used now and then. Leaving one out is how personal and business spending get tangled, and how a missing deduction stays missing until someone finally opens that statement.
When You Want More Than A Balance Check
Hand over the entry as well as the reconciliation, with a profit and loss statement and balance sheet each month.
Read about it Catch-Up & Cleanup BookkeepingMonths or years that never got reconciled, rebuilt in order so regular checks can start from solid balances.
Read about it QuickBooks Cleanup & ReclassificationDuplicates removed and misfiled transactions moved to the right accounts when the categories need as much help as the balances.
Read about it Return To BookkeepingEvery bookkeeping service we offer in Homestead, FL, on one page.
Back to BookkeepingKeep Doing Your Books, Get Them Checked
Tell us which accounts the business runs and how you keep your books today. You'll hear how a regular reconciliation would fit around the work you already do.