Financial work takes a lot of time, which you could dedicate to the strategic part of your business while a Remote Assistant takes care of the tedious paperwork between financial statements, invoices, and submission of tax documents necessary for the operation of the company.
Steps to perform an efficient bank reconciliation
- Gather statements
Generate bank statements and internal financial records.
- Compare opening balances
The opening balance must match the opening balance on the bank statement.
- Record transactions
Enter, into the system or books, all bank transactions, deposits, checks issued, payments received, and charges.
- Pending deposits
Find all deposits that have not yet been reflected on the bank statement.
- Reconciliation
Identify any discrepancies between internal financial records such as omitted or duplicated transactions.
- Verify the account
Make sure that interest earned or paid and bank charges have been recorded correctly.
- Document and archive
Keep a copy of the bank reconciliation and other relevant documents such as adjustment vouchers and pending transactions.
You can delegate all of these tasks efficiently to a Remote Assistant specialist in QuickBooks Online. This will allow you to have someone who is focused on these tasks to guarantee precise and quality management.
A remote bank reconciliation expert can offer you a reliable and accurate service.
Take the time you need to think strategically and hire a Remote Assistant here to handle bank reconciliations while you drive the business!
