Account Reconciliation

Account reconciliation is a necessary step in effective bookkeeping. It ensures your internal records match your bank account. It prevents fraud and errors, and it can help you make better financial decisions.

Coastal Compass provides account reconciliation that will keep your financials in order. Our efficient staff will review your books monthly to ensure the numbers add up.

What is Involved in Account Reconciliation?

Our team will review your bank account against your internal financial system to ensure all deposits and withdrawals match. We will confirm that the end balances are the same. If there are any discrepancies, we will determine the source of the error.

Benefits of Account Reconciliation

• Fraud and Theft Prevention: Our team will review your transactions to identify and report unauthorized activity.
• Eliminates Errors: We will compare your bank account to your internal records to ensure there are no discrepancies.
• Improves Accuracy: Reconciliation involves identifying and correcting errors to provide optimal accuracy.
• Facilitates Tax Reporting: Monthly reconciliation statements will facilitate the tax process at the end of the year.
• Improves Business Decisions: Reconciliation provides an overview of your financials so you can make better financial decisions.

Why Coastal Compass?

• Accuracy: Our years of experience ensure accurate financial services.
• Optimal Transparency: We will break everything down for you to ensure you know where your finances stand.
• Trusted Service: We use secure platforms. Our trustworthy bookkeepers ensure your personal information will not be compromised.
• Versatile: We handle everything including payroll, invoicing, accounts payable and receivable, reconciling, and reporting. We will take the stress of handling finances off your plate.
• All Industries: We serve various industries and companies of all sizes.

Contact us to book your online consultation today. Learn more about our time and money-saving solutions.