Bank Reconciliation

A bank reconciliation is a process that explains the difference between the bank balance shown on a company’s bank statement, as supplied by the bank, and the corresponding amount shown in the company’s own accounting records, at a particular point in time.

Blue Sky undertake regular bank reconciliations to ensure the integrity of the company’s cash records and to highlight, investigate and resolve any discrepancies that may have occurred. With many accounting packages this can be generated through semi-automated accounting software.