The bank reconciliation feature in accounting seed is a tool to verify that all transactions in your bank or credit card account are recorded in the general ledger in the form of cash receipts, cash disbursements, and journal entry adjustments. This is an essential step to ensure that credit card statements and balances are correct and accurate. The accountants then investigate any discrepancies and take necessary corrective actions. It can be used for both bank and credit card reconciliation. You will need your statement for the last date of the selected statement in the new reconciliation screen to perform this exercise.
It goes without saying; it can add skills, time and extensive record tracking, tasks for which you do not have the time or assets, to your bank account as well as your financial statements. We understand completely. This is why, as an important part of our offerings, we Cogeneses provide end-to-end bank and credit card reconciliation services to businesses worldwide.We have 7 years of experience in this field, we have professionals. We provide complete and partial account reconciliation, reconciliation of vendor invoices with your general ledger, records managed by your company, bank statements with check indexing services. Review checks deposited, issued, cleared and canceled. Creating Bank Account Reconciliation Report Credit Card Reconciliation Services: To increase cash flow and we track payments and overdue payments.
Benefits of Bank credit card reconciliation