Practice Areas · Operations · Accounting & Outsourcing · Bookkeeping & records · Bank reconciliation
Bank Reconciliation
Reconciling your books to your bank statements — catching errors, omissions, and fraud early.
What bank reconciliation covers
Bank reconciliation matches the cash and bank balances in your books against the bank's statements, explaining every difference — uncleared cheques, bank charges, direct credits, and any errors or omissions.
Done regularly, it keeps the books accurate and is one of the simplest, strongest controls against error and fraud.
What's included
Bank reconciliation includes:
- Matching book and bank balances across all accounts
- Identifying uncleared, unrecorded, and erroneous entries
- Posting bank charges, interest, and direct entries
- A reconciliation statement for each period and account
- Flagging discrepancies that need investigation
How we work
- 01
Gather statements
Collect the bank statements and the book balances.
- 02
Match
Tie out each transaction and identify the differences.
- 03
Adjust
Post the missing entries and correct errors.
- 04
Report
Produce the reconciliation statement and flag anything unusual.
Why work with PBT
PBT keeps your bank position reconciled and your books trustworthy.
- Regular, disciplined reconciliations
- Early detection of errors and discrepancies
- Audit-ready reconciliation statements
- A strong control against fraud
- Scope, deliverables, and fees agreed in writing up front
Frequently asked questions
How often should bank reconciliation be done?
Monthly at least, and more often for high-volume accounts. Regular reconciliation keeps the books accurate and catches issues early.
Can you reconcile multiple accounts and banks?
Yes. We reconcile all your accounts across banks, including foreign-currency accounts.
How long does it take?
A monthly reconciliation is typically completed within a couple of days of receiving the statements.
Keep your bank reconciled
Tell us about your accounts, and we'll set up regular reconciliations.
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