Bank Account Reconciliation Service

Our bank account reconciliation service aims to provide better control over the company’s expenses and income, ensuring the prevention of both voluntary and involuntary errors in the accounting accounts and the control entries.

Carrying out a proper bank reconciliation helps companies maintain better financial and administrative control, knowing exactly what resources are available. Reconciliation helps prevent internal fraud, accounting errors, and ensures the company is not liable for fines or infractions from the tax authorities.

At Contadores Dominicanos, we have a team of expert professionals who provide comprehensive accounting and financial advisory services in conducting bank account reconciliation processes.

What is bank reconciliation?

It is the process in which each bank transaction is justified with the company’s operations.

The records in the accounting books must be verified against the bank account statements to detect possible errors or discrepancies and make the necessary corrections.

It is advisable to keep bank reconciliations up to date to know the current state of the company and to identify any discrepancies, if they exist.

What does the bank account reconciliation service include?

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

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

We have accounting and finance experts with extensive experience who will help your company carry out an appropriate bank account reconciliation.

Advantages of performing bank account reconciliation:

You will be able to detect accounting errors in time and correct them.
It helps you have better control over your company’s available resources.
With up-to-date bank reconciliation, you will have greater control over payments and collections.
It will facilitate strategic decision-making, allowing you to rely on reliable and updated data.

Our services include:

Control and updating of the company’s accounts
Verification of accounting entries
Detection of errors and strategy planning
Detailed report of the company’s bank transactions