Bank Reconciliation

At least, twice a week your bookkeeper will update the bank account within QuickBooks (generally Monday and Wednesday). Any items that show up in the bank but are not in our Quickbooks become reconciling items. On a weekly basis, before month end we call this the “Mini Bank Reconciliation”. Items on this Mini Bank Rec Spreadsheet need to be entered into Quickbooks so we will ask you for details about these items. Once the spreadsheet is sent to you please send the necessary backup so we can get those items keyed in. 

At the end of each month, the reconciliation process comes to finality as we reconcile for the entire month between the bank account and our Quickbooks system. We will download and save the bank statements to our systems.