Bank account Reconciliation

 

Bank account ReconciliationAs you spend or receive money, the transaction is recorded electronically in you bank account or credit card statements. There may be large amount of transactions on daily basis. It might so happen that it creates a complex and confusing statement making it difficult to reconcile both statements you have in your hands creating a need for services of BKO2I to solve that confusion by enabling you to outsource accounts reconciliation services to India. This confusion or difference might often reflect in your books of accounts as inaccurately as possible. Reconciliation of statements requires the involvement of a professional bookkeepers and accountants. Our team comprises of highly skilled accountants and bookkeepers who has solid experience in the field of outsourced bank account reconciliation services.

 

Benefits of outsourcing bank account reconciliation services

 

  • Provides the ability to eliminate bank statement errors
  • Enables to control cash outflow with the Void Checks and Stop Payments function
  • It makes important updates to General Ledger and receives timely entries from the other applications.
  • Verifies the amount of cash in your account
  • Gives a clear picture on the statement of accounts
  • Helps you to control your cash flow
  • Provides access to professional bookkeepers and accountants
  • Can complete your work at quick turn around times
  • Reduces your operational costs up to 60 per cent
  • Gives you a dedicated accountant or bookkeeper at minimal cost which, may not be possible in-house
  • Lets you concentrate on your core business activity