Bank, Credit Cards, & Loan accounts reconciled - 3 included in the Bronze Monthly Program

Purpose

Account reconciliation ensures that your financial records in QuickBooks match your actual bank, credit card, and loan account activity. This process is essential for maintaining accurate financial data and preventing errors from compounding over time.

What’s Included

As part of the Bronze program, ABBL will reconcile up to 3 financial accounts each month. These may include:

• Bank accounts (checking, savings, money market)

• Credit card accounts

• Loan or line of credit accounts (if actively used)

Each included account is:

• Reviewed through bank feeds during monthly bookkeeping

• Formally reconciled to the official monthly statement balance

• Verified to ensure all cleared transactions match exactly

This process is completed as part of your monthly close cycle and supports the accuracy of your financial reports.

Two-Step Reconciliation Process

1. Ongoing Matching (During Bookkeeping)Transactions are matched to bank feeds throughout the monthly posting process to keep records aligned with real activity.

2. Formal Month-End ReconciliationAt month-end, each account is reconciled against the official statement to confirm:

• Beginning and ending balances match

• All cleared transactions are accounted for

• No duplicates, omissions, or discrepancies exist

This ensures your books match your real financial position to the penny.

What ABBL Does Internally

For each included account, ABBL will:

• Review all transactions recorded during the month

• Compare QuickBooks balances to official account statements

• Identify and resolve discrepancies

• Confirm that all cleared transactions are properly recorded

• Generate reconciliation reports for your records

This process ensures your financial data is accurate and reliable before reports are finalized.

Account Limit (3 Accounts Included)

The Bronze program includes reconciliation for up to 3 total accounts.

If your business uses additional accounts (such as multiple bank accounts, credit cards, or loans):

• Additional accounts can be added for a monthly fee (typically $25 per account)

• Or a program upgrade may be recommended for higher account complexity

Client Responsibilities

To ensure timely and accurate reconciliation, the client is responsible for:

• Providing limited user login access for statement retrieval or

• Uploading monthly statements by the 5th of each month via HubDoc or the client portal

To support efficiency and timely completion:

• Discounts may be offered when access is granted or statements are consistently uploaded on time

• Convenience fees may be assessed if access is not provided and statements are not uploaded by the 5th

Failure to meet these requirements may also result in:

• Delays in completing financials

• Incomplete reconciliation for the month

• Additional work outside standard scope

What Is Not Included

This feature does not include:

• Reconciliation of accounts beyond the included 3 without add-on services

• Cleanup of unreconciled historical periods (scoped separately)

• Investigation of complex discrepancies requiring extended research

• Real-time or daily reconciliation

• Management of banking structures or account optimization

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

• Disputing charges with financial institutions

When a Change Order or Upgrade May Apply

A change order or upgrade may be required if:

• Additional accounts need to be reconciled

• Statements are not provided on time and additional effort is required

• Significant discrepancies require investigation or cleanup

• Account structures become more complex

Why This Matters

Reconciliation is one of the most critical steps in the accounting process. Without it, financial reports may be inaccurate or misleading.

By reconciling your accounts monthly, you ensure your books match reality—giving you confidence that your numbers are correct and your reports can be trusted.

The Bottom Line

This feature ensures your financial records are accurate, verified, and aligned with your real-world accounts.

With Bronze, you receive consistent monthly reconciliation for up to 3 accounts—providing a solid foundation of accuracy without unnecessary complexity.