At Better Bookkeeping For Your Business, accuracy is at the centre of everything I do. My reconciliation process includes:
1. Reviewing All Bank Feeds and Statements
I carefully compare your bank feeds, statements and internal records to make sure every transaction is recorded correctly. Whether it’s incoming payments, supplier invoices, transfers or fees, nothing is overlooked.
2. Matching Transactions in Your Bookkeeping Software
Using Xero, MYOB, QuickBooks or whichever platform you prefer, I match all entries with real bank activity. This ensures your bookkeeping file always mirrors your actual bank position a key part of professional Banking Transaction Reconciliation Dandenong.
3. Identifying Discrepancies and Fixing Them Immediately
If any differences come up, I investigate thoroughly, explain the issue to you and correct it quickly. This helps prevent errors from rolling into future BAS lodgements, payroll runs or financial reports.
4. Removing Duplicate or Incorrect Entries
Duplicate transactions are more common than many business owners realise. As part of your Banking Transaction Reconciliation Dandenong, I remove any duplicates and tidy up misclassified transactions to maintain the accuracy of your accounts.
5. Providing Clear Reports and Updates
I keep you updated regularly so you always know where your accounts stand. You’ll never be left guessing, and you’ll always have clean, organised and accurate financial records ready for tax time.