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Reconciling Best Practices

Trusted bookkeeping solutions for today’s focused entrepreneurs.

It is important to stay on top of reconciling your bank, credit card, and loan accounts every month. If you keep your accounts up to date and reconciled, you will find the process quick and efficient.

Your monthly reconciliations will show you where your finances stand and alert you to inaccurate or fraudulent activities. Correcting these inaccuracies with your financial institution is easier if you find them right away.

Reconciling your accounts every month produces accurate financial reports. Reconciling can also help you make smarter financial decisions. Business owners can feel confident that the data in their files is current and reliable. This provides a confident understanding of your finances so that entrepreneurs can determine if they have the resources available for those larger purchases.

Financial institutes will also want to know if you have the cash flow. For example, a profit and loss or a balance sheet can determine if you qualify for loans, credit increases, or lower interest rates.

So make a date with your bank and credit card statements at the beginning of each month. A few minutes can save you time and money in the future.

We are here to help you stay reconciled!

Contact us today!

Reconciling Best Practices

Bookkeeping Services

ZümiFi’s ongoing bookkeeping services manage your financial activity with a complete turnkey approach. We deliver solid books that provide you with key information in real-time, accessible anywhere, anytime, on any device.
We create a custom combination of online, cloud-based tools, including QuickBooks Online, Bill.com, Box.com, and other tools in unique combinations to truly leverage technology. This enables us to fully automate your system, eliminate data entry, and simplify and facilitate your bookkeeping. And we ensure accuracy and completeness so that every dollar counts.


The Scope of ZümiFi’s Bookkeeping Services:

Accounts Payable Services – Recording, tracking, and paying vendor bills.

Accounts Receivable Services – Recording and tracking customer invoices and payments.

Payroll Services – Processing payroll per each client’s instructions regarding amounts to pay; processing and filing appropriate payroll taxes and tax forms.

Reconciliations – Reviewing and balancing bank and credit card transactions; notifying the client of any discrepancies and resolving discrepancies per the client’s instructions when appropriate.

They are reporting – Generating financial reports based on the collected data.

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