Bank account reconciliation service

Our bank account reconciliation service seeks to have a better control of the company’s expenses and income, thus ensuring that there are no voluntary or unintentional errors in the accounting accounts and accounting control items.

Carrying out a good bank reconciliation helps companies to have a better control in financial and administrative terms and to know what resources are available. The reconciliation avoids internal fraud, accounting errors and ensures that the company is not passive of fines or violations by the tax administration.

At Contadores Dominicanos, we have a team of expert professionals who comprehensively offer accounting and financial advice in the process of reconciliation of bank accounts.

What is the bank reconciliation?

It is the action in which each of the bank movements are justified with the company’s operations.

The records of the accounting books must be checked with the statements of the current accounts, in order to detect possible errors or differences and make the corresponding corrections.

It is advisable to keep the bank reconciliation up to date, in order to know the current state of the company and to be able to detect where the imbalance is, if there is any.

What does the bank account reconciliation service consist of?

It consists of keeping the company’s accounts up to date, such as income and expenses, which are usually recorded in the accounting books.

We take care of checking the accounting entries between one bank account reconciliation and another.

We have professional experts in accounting and finance, with extensive experience, who will help your company to perform a proper reconciliation of bank accounts.

Advantages of performing a bank account reconciliation:

You will be able to detect accounting errors in time, so you can correct them.
It helps you to have a better control of your company’s resources.
With an up-to-date bank reconciliation, you will be able to have a better control of payments and collections.
It will facilitate strategic decision making, which you will be able to base on reliable and updated data.

Our services include:

Control and update of the company’s accounts.
Verification of accounting entries.
Error detection and strategy planning.
Detailed report of the company’s bank movements.