As a business, you sign a number of cheques, receive multiple receipts from customers, and make numerous bank deposits on a daily basis. If all these external transactions are not recorded accurately and at the right time, it can impact the balance and accuracy of your overall financial statement. Reconciliation of the credit card statement with your bank statement is also an arduous task and not a simple one to accomplish. If not done correctly, it can cost you valuable time and money. However, with the responsibility of running your business, you may be juggling with many crucial tasks and might not enjoy the liberty of time or resources to invest towards filing accurate bank reconciliations.
Outsourcing bank reconciliation services is a practical decision as it saves money, time, effort and resources, which you can invest in your core operational areas. At Mindspace Outsourcing, we extend our myriad of expertise and knowledge in the financial landscape to provide accurate bank credit reconciliation services that meet industry standards. We carry out an extensive verification of your internal transaction records in order to accurately reconcile the statements and determine discrepancies if any.