Bank Reconciliation
We keep your books in line with your bank statements so you always know where you stand. Our monthly bank reconciliation service gives Cardiff small businesses clarity, confidence and an accurate picture of their cash flow.
What we cover
Bank reconciliation is the foundation of accurate bookkeeping. We handle everything from transaction matching to discrepancy resolution, so your records always reflect reality.
Monthly Reconciliation
End-of-month matching of all transactions to ensure your books and bank agree before reports go out.
Discrepancy Resolution
We identify and fix mismatches like uncleared deposits, bank fees, duplicate entries and coding errors.
Fraud Detection
Regular reconciliation highlights unusual activity early, protecting your business from errors and unauthorised transactions.
Keeping your books and bank in perfect sync
Bank reconciliation is the process of matching your bookkeeping records to your actual bank statements. It sounds simple, but when you're running a busy Cardiff salon, shop or trade business, it's easy for transactions to slip through the cracks. A missed bank fee here, an uncleared cheque there, and suddenly your records don't reflect what's really in the account. We take care of the whole process monthly, so you always have an accurate view of your cash position.
We start with your previous month's closing balance, then work through every transaction on your bank statement and compare it to what's recorded in your books. Deposits in transit, outstanding payments, bank charges and any coding errors get flagged and resolved. You get a reconciliation statement that serves as a clear audit trail, and your accounts close the month with confidence.
Your financial reports are only as good as the data behind them.
More information
Regular reconciliation is one of the best defences against fraud and costly mistakes. It highlights unusual activity early, whether that's a duplicate payment, an unexpected direct debit or something more serious. For businesses juggling multiple income streams or high transaction volumes, monthly reconciliation prevents small discrepancies from snowballing into big headaches at year end.
We work with clients across Cardiff and South Wales, from retail shops in the city centre to tradespeople operating across the valleys. Many come to us after trying to manage reconciliation themselves in spreadsheets or basic software, only to find it eats up hours they'd rather spend with customers. We integrate with most accounting platforms, automate what we can, and handle the rest personally.
Our approach is straightforward. You give us access to your bank feed and accounting software, we reconcile monthly as part of your bookkeeping package, and you get a short summary of anything that needed attention. No jargon, no surprises, just clean books you can rely on when it's time to make decisions or file your accounts.
Works well with
Profit & Loss Statement Preparation
Clear profit and loss statements prepared from your records, with plain-English insight into margins, overheads and true profitability for the period.
Profit & Loss Statement Preparation→Making Tax Digital (MTD) Bookkeeping Compliance
Making Tax Digital bookkeeping compliance, including software setup, digital record-keeping, reconciliations and MTD VAT submissions, with clear deadline reminders.
Making Tax Digital (MTD) Bookkeeping Compliance→Receipt Management & Paperless Accounting
Go paperless without the stress. Capture receipts by phone or email, keep them organised and matched to transactions, and make VAT and year-end accounts much simpler.
Receipt Management & Paperless Accounting→Accounts Payable & Receivable Management
Stay on top of customer invoices and supplier bills. We track debtors and creditors, chase overdue payments, schedule payments and share clear monthly summaries.
Accounts Payable & Receivable Management→Bank Reconciliation
We reconcile your bank to your bookkeeping records, fix mismatches and clear uncleared items, so your figures are reliable for VAT, accounts and cash flow.
Bank Reconciliation→QuickBooks Setup & Training
Get QuickBooks set up for your business, with bank feeds, VAT settings and invoicing, plus practical training so you can keep your books tidy each week.
QuickBooks Setup & Training→Before we start
Here's what Cardiff business owners usually ask about our bank reconciliation service.