Reconciliation is the process of ensuring that two sets of financial records (usually the balance of two accounts such as the checkbook register and the bank statement) are in agreement. Conducting reconciliations is important to ensure that the money leaving an account matches the actual money spent. This is done by making sure the balances match at the end of a particular accounting period.
Reconciliation is a valuable accounting process that Diversified Management Services Inc. (DMS) provides. We will ensure the reliability of your company’s financial records. DMS will provide reconciliations for all necessary Balance Sheet accounts including, but not limited to, bank loans, lines of credit, credit cards, etc. When provided on a regular and ongoing basis, this process improves the accuracy of financial reports.
Contact us today to see what we can do for you.