Bank Reconciliation
Many small to mid-sized businesses have little understanding of the significance of risk mitigation and prevention. Trivana Tax & Accounting Services is here to help you with risk identification and fraud prevention so that you can concentrate on what you do the best, i.e. running your business. Account reconciliation is a confirmation of the balances/transactions with the corresponding bank / credit card statements. This allows our team in identifying any inconsistencies or errors and their subsequent corrections on either side. It also helps business owners understand the cash position at a given point in time.
Our services include:
- Perform separate reconciliation of each bank account
- Perform separate reconciliation of each credit card account
- Identify errors and inconsistencies in a timely manner
- Provide feedback on extra-ordinary items
- Establish quantitative & qualitative thresholds
- Seek / provide explanation for variances
- Plan and Implement a risk mitigation strategy