Bank and Credit Card Reconciliation Services in USA

Ensuring Financial Accuracy and Transparency

Bank and credit card reconciliation is essential for maintaining accurate financial records. The Mehta Tax Consultancy provides detailed reconciliation services to identify discrepancies, prevent financial fraud, and maintain accurate bookkeeping.

Importance of Reconciliation

Reconciling financial statements with accounting records ensures that all transactions are recorded accurately. This process helps businesses detect errors, prevent fraud, and improve cash flow management.

Reconciliation Process

Data Collection and Bank Statement Review

Gather bank and credit card statements along with accounting records.

Transaction Matching and Discrepancy Identification

Compare transactions between financial records and banking statements.

Correction and Adjustments

Resolve discrepancies and adjust journal entries as required.

Final Reconciliation and Reporting

Generate reconciliation reports for financial transparency.

Provide insights into financial trends and anomalies.

Types of Reconciliations

Bank account reconciliation to ensure cash records align with bank statements.
Credit card reconciliation to validate expenses and charge transactions.
Accounts payable and receivable reconciliation for invoice accuracy.
General ledger reconciliation for transaction validation.

Why Choose The Mehta Tax Consultancy

Detailed reconciliation process with timely reporting.
Fraud prevention through accurate transaction tracking.
Secure and confidential data handling.