Account reconciliation, defined as the act of confirming whether the actual account balance matches the corresponding bank statement, is crucial to the financial health of large corporations and organizations. By verifying the accuracy of each account, the account reconciliation team identifies errors and inconsistencies requiring correction, and reconciles the final balance accordingly.
Depending on their size, structure and business goals, establishments often require different account reconciliation services. In order to fulfil this need, Solutions Accounting & Bookkeeping provides its clients with 2 kinds of account reconciliation services: