Tag: Reconcile

Success Stories – Reconciling Two Systems

As bookkeepers, we love to reconcile! We love to find ways to ensure that we have captured everything accurately. One of our clients is a law firm. They accept retainers that must be held in a separate trust account (IOLTA). They maintain many entries in their billing system, but we check their work regularly. Why?...

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Best Practices – Time is Money

At the beginning of the month, accounts should get reconciled. Once you have completed all the reconciliations, you should run financial reports and review them thoroughly each month. But do you know what you are looking for? Look at your Profit & Loss, and look for any deviations from your budget – do you know...

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