Bank, Credit Card, & Loan Account Reconciliation — 6 Accounts Included in the Gold Weekly Program

Accurate reconciliation is the backbone of reliable financial reporting. With our service, we reconcile up to six bank, credit card, and loan accounts each month, ensuring that your financial records match your actual transactions. This creates a trustworthy foundation for reporting, analysis, and decision-making.

For growing businesses, additional accounts can be added on for a monthly fee. We also offer discounts for clients who provide access or upload statements by the 5th of the month—helping streamline the process. Convenience fees may apply if statements are delayed or access is not provided, ensuring timely reconciliation for all accounts.

What’s Included:

• Weekly bank feed reconciliation of up to 6 bank, credit card, and/or loan accounts to bank feed BANK balance & registers

• Monthly FORMAL Reconciliation of up to 6 bank, credit card, and/or loan accounts to your statements

• Option to add extra accounts for a monthly fee

• Discounts for timely statement access and uploads

• Accurate, up-to-date recordkeeping for clean month-end financials

• Reduced risk of errors and discrepancies in reporting

Monthly Account Reconciliation (What This Includes)

As part of your monthly bookkeeping services, ABBL performs a formal account reconciliation process to ensure your financial records accurately reflect your actual bank and credit card activity.

Statement Comparison & Verification

For each included bank and credit card account, ABBL obtains the monthly statement and compares the statement ending balance to the corresponding account balance in QuickBooks Online as of the statement end date.

This process confirms that:

• All transactions appearing on the statement are recorded in QuickBooks

• No transactions are duplicated or missing

• The timing of deposits and payments is reflected correctly

Transaction-Level Reconciliation Review

ABBL uses QuickBooks Online’s reconciliation module to professionally verify each transaction line by line. During this process, we:

• Match each deposit, withdrawal, charge, and payment to the bank or credit card statement

• Investigate and resolve discrepancies such as duplicates, missing items, or timing differences

• Identify uncleared or outstanding transactions for follow-up

• Confirm that transfers between accounts are recorded accurately and not duplicated

Only transactions that properly match the statement are marked as reconciled.

Review of Outstanding & Timing Items

ABBL reviews any items that remain unreconciled after the initial pass, including:

• Outstanding checks or payments

• Deposits in transit

• Pending or uncleared charges

These items are evaluated to determine whether they are valid timing differences or require correction, reclassification, or client follow-up.

Reconciliation Reports Included in Month-End Financials

Once reconciliation is complete, ABBL generates and retains the following reconciliation reports for each reconciled account:

• Reconciliation Summary Report

• Reconciliation Detail Report

These reports document:

• The reconciliation period

• The beginning and ending balances

• All cleared and uncleared transactions

• Adjustments made during reconciliation

The reconciliation reports are included as part of your month-end financial package and serve as formal documentation that the accounts have been reconciled.

Quality Control & Review

Reconciliations are reviewed as part of ABBL’s quality control process to ensure accuracy and consistency across all accounts before month-end financial statements are finalized.

What Reconciliation Does Not Include (Clarifying Boundaries)

The formal monthly reconciliation process does not include:

• Contacting banks or credit card companies on the client’s behalf

• Disputing charges with financial institutions

• Investigating fraudulent activity beyond identifying discrepancies

• Correcting historical periods outside the current month without an approved scope change

• Reconciling accounts not included in your selected program

Why Monthly Reconciliation Matters

Regular reconciliation ensures:

• Accurate financial reporting

• Reliable cash balances

• Early detection of errors or discrepancies

• Financial statements your tax preparer, lenders, and advisors can trust

Reconciliation keeps your business informed and ready to act. When your accounts are regularly reconciled, you avoid surprises, catch errors early, and maintain financial clarity. This process scales as your business grows, giving you confidence that your accounting keeps pace with your activity.

Benefits You’ll Experience

External: Designed for growing companies needing continuous insight and up-to-date reporting.

Internal: Confidence that your accounting scales smoothly with your activity.

The Bottom Line

Reconciliation of bank, credit card, and loan accounts ensures your financial records are always accurate and reliable. With six accounts included and options for additional accounts, your business can scale confidently—maintaining clarity, minimizing errors, and supporting informed decision-making every week & month.