Bank Reconciliations

A bank reconciliation consists of matching your accounting information with that on your bank statements. This process ensures your books are accurate, identifying inefficiencies in the business, ensuring income and expenses are in the correct allocations. It can also help identify and develop processes to prevent frequently made mistakes and lastly it is the base of knowing your tax reporting is correct.

Financial Statements and Year End Reporting

Monthly, Quarterly, and Annual year end reporting. Monthly, Quarterly Board reporting and Funder reporting available.  For accurate reporting we also address the required expense adjustments for period end, these include:

• Hours worked by employees between pay periods
• Vacation accrued by employees but not yet paid
• Depreciation and amortization of assets
• Inventory adjustments to reconcile the amount of physical inventory with the amount shown in the company’s books
• Prepaid expenses – payments made in advance that are expected to be used in the future such as insurance, rent paid in advance, tax paid in advance (installments)
• Year-end bank account reconciliation items