Bank & Credit Card Reconciliation
Globus Finanza’s Bank & Credit Card Reconciliation Services involve external experts reconciling financial transactions, ensuring alignment between bank and credit card statements and company records.
By outsourcing reconciliation tasks, businesses benefit from meticulous financial oversight, reduced errors, and efficient identification of potential issues, allowing them to maintain precise financial records while focusing on core business activities.
We ensure Accuracy, detect Discrepancies & enhance Financial Transparency
Benefits of using our Bank & Credit Card Reconciliation Services
Promotes clarity by aligning external statements with internal records, reducing the chance of financial errors and enhancing overall transparency in financial reporting.
Outsourcing Account Receivables Management frees up valuable time and internal resources, allowing your team to focus on core business activities and strategic initiatives.
Maintains credit scores effectively through timely reconciliations, preventing late payments and associated penalties, thereby contributing to a positive credit history and financial well-being.
Facilitates precise budgeting by providing real-time insights into actual spending, allowing for adjustments and better financial planning to meet savings or investment goals.
Accounting Software we Use
Frequently Asked Questions
We need to assess the volume of work, the scope of work, the number of transactions pending for posting, the reconciliation required, adjustments required to close the books, etc., and based on that either we can propose you fixed price cost for the project, or you can hire staff for the required number of hours to complete the job.
Yes, you can also hire an accountant for full-time, part-time, or a fixed number of hours as per your requirement if you can’t estimate the number of hours upfront. We are flexible to work with the model convenient for you.
Generally, it depends and varies from one business to another. However, we need the following documents as per our common checklist
- Revenue Transactions
- Bank Accounts information & statement
- Previous year’s financial statements and tax return copy
- Inventory details
- Intercompany Transaction
- General Ledger
- Any other information for year-end accounting
Our procedure for providing year-end accounting services includes establishing a closure timetable, assembling unpaid invoices and receipts, examine asset accounts.
Tally up all transactions, and close out the accounts payable and receivable. accumulate receivables, accrue debtors’ obligations, adapt entitlements and grants, etc.
The length of time to complete your year-end accounting services will vary depending on the complexity of your business and your specific needs.
