EAS Bank Reconciliation Services
We Connect Your Account to Your Financial Statements

Bank Reconciliation Services: Connect to the end that is your financial statements

Many times your bookkeepers are unaware that transactions when entered into the system should also correspond to the bank statements. As a result during our review process, we have come across many such organizations whose bank balances in accounting systems did not match with the bank balances in the bank. 

This is a serious discrepancy and should be catered to immediately. Reconciling these balances is tedious & requires expertise. 

Here we again come to your rescue by managing the reconciliation of your bank balances in your financials with the balances in banks!

1. Fraud detection: 

This service will eventually also identify any transactions which are happening fraudulently in the organization. This is essential for you as you would want to identify such transactions in a timely manner.

2. Rectification of Errors: 

This exercise will also help you correct the entries which were wrongly recorded. 

3. Accruals basis of accounting: 

As most of the frameworks globally require accruals basis on accounting & not cash basis, this exercise will also help you to account for the accruals entry which has been pending.

4. Close suspenses: 

There will be many instances where your bookkeeper must have recorded Suspense accounts. Many of them can be removed if data is collected from the right sources and from the right platform.