1. Reconciliation of your bank statements according to the records and reports prepared by your in- house team.
2. Bank reconciliation covers settlement of all the bank details with credit card statement.
3. checks sequencing and managing services.
4. Reviewing the deposited, issued, cleared, and cancelled checks so that cash flow can be viewed in a better way.
5. Preparing and submitting reconciliation reports to concerned company.
6. Keeping track of all your unpaid checks and account deposits helps in understanding your credit statement and which makes it easy to control cash flow.
7. Distinguishing missing checks, misplaced deposits, outstanding transactions and inaccuracies so that you can know your financial status in a better way.
8. Identifying undue timing variances between the transaction in books and bank statement to find any possible fraud and if they exist, making efforts to control them.
9. Tracking of bank charges and account details.
10. Detecting and controlling theft of funds in the organization.