Reconciling your bank statements each month confirms that all transactions on your bank statement have been recorded into your accounting software, ensuring your financial statements accurately reflect your company’s sales and expense transactions.
We will post all daily financial transactions of the company categorizing all debits to the appropriate general ledger account using Peachtree Accounting. We will also post any reimbursements and ensure any loans from the owner are categorized correctly.
Credit Card Reconciliations
Reconciling your credit card statements monthly is crucial to categorizing every expense of your company. This ensures that the purchases charged throughout the month will be reflected on your company’s profit and loss statement. By not recording these charges you are missing out on significant deductions.
In order for a company to thrive it must have income. We will post all income separating the income streams to the appropriate general ledger account, enabling you to see the income by source each month.
We will track any liabilities your company may have so you may see outstanding balances monthly, ensuring principal and interest payments are applied accurately. All assets will be recorded on the balance sheet as they are acquired.
Once you understand the overall picture of your finances identifying the money your company is spending and receiving, you will have a better understanding of how to reach your financial goals. We can help by creating a budget to identify unnecessary expenditures and increase cash flow.