Now Accepting New Clients Edmonton or Anywhere in Canada!

Complete Bookkeeping Solutions
  • Home
  • What we Do
    • Full Bookkeeping
    • Payroll Services
    • Technology & Automation
    • Moving To The Cloud
    • Assistance To Accountants
    • Workshops
    • Setup, Training & Support
  • Who We Are
  • Resources
  • Contact Us
  • Make a Payment
  • We're Hiring
  • More
    • Home
    • What we Do
      • Full Bookkeeping
      • Payroll Services
      • Technology & Automation
      • Moving To The Cloud
      • Assistance To Accountants
      • Workshops
      • Setup, Training & Support
    • Who We Are
    • Resources
    • Contact Us
    • Make a Payment
    • We're Hiring
Complete Bookkeeping Solutions
  • Home
  • What we Do
    • Full Bookkeeping
    • Payroll Services
    • Technology & Automation
    • Moving To The Cloud
    • Assistance To Accountants
    • Workshops
    • Setup, Training & Support
  • Who We Are
  • Resources
  • Contact Us
  • Make a Payment
  • We're Hiring

Bank Reconciliation Importance

Bookkeepers reconcile bank statements monthly to compare your records to the actual transactions that were processed through the bank account.


This is a useful tool as it is not uncommon for transactions to have errors or be missed completely. Here you will be able to compare your records, find duplicate charges, bounced cheques or add any missing expenses to your records that missed entry. 


Skipping this practice can lead to substantial variances between the amount of cash you think you have, and the amount of cash you actually have. 


Bank reconciliation is a great way to observe spending habits, maintain accurate chart of account balances and even catch fraudulent activity. 

Back

Copyright © 2023 Complete Bookkeeping Solutions - All Rights Reserved.

  • Home
  • Setup, Training & Support
  • Who We Are
  • Resources
  • FAQ
  • Contact Us
  • Make a Payment
  • Blog

This website uses cookies.

We use cookies to analyze website traffic and optimize your website experience. By accepting our use of cookies, your data will be aggregated with all other user data.

Accept