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Accounts Reconciliation or Bank Account Reconciliation Service

Money within the bank and money going out – keep track with MFhill’s account reconciliation services.

Check out how MFhills handles bank and MasterCard reconciliations for your business.

  • We download, and record bank and MasterCard transactions, then reconcile accounts. We’ll review for write-offs and prepare your reports.
  • We found out your checking account and MasterCard accounts to download transactions rather than entering them. This accelerates the month-end closing process, allows more data to be captured in QuickBooks than you’d enter manually, and costs less.
  • We review the un-cleared transactions at the top of every month to ensure we’re writing off transactions that will never clear the bank. Otherwise, your financial statements, and your liabilities, are potentially wrong.
  • We found your QuickBooks file to recollect the seller you used the last time a transaction was entered. Meaning the system remembers that you charged Exxon to auto: fuel. This protects time (e.g., money) and helps confirm your accounting is completed consistently. We will quickly change the account code or job costing before it posts, but you’re only paying for exception processing, not the manual entry of each MasterCard transaction.

Bank account reconciliation may be an excellent way to assist reduce the danger of fraud. We will review the payee on every check and compare it against the payee in QuickBooks to ensure nothing funny goes on. If you don’t check out the payee on the statement, you won’t know if a bill that shows up in QuickBooks as paid to at&t was delivered to your office manager, who had changed the payee.