Bank Reconciliation That Keeps Your Records Accurate.
GroundHogTAX™ provides professional bank reconciliation services to help businesses compare financial records with bank and credit card statements, identify discrepancies, and maintain accurate account balances.
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Your Statements Say One Thing. Your Books Should Say the Same.
Differences between your bookkeeping records and financial statements can make it difficult to know whether your account balances are accurate. Regular bank reconciliation helps identify those differences before they become bigger bookkeeping problems.
GroundHogTAX™ compares your recorded financial activity with bank and credit card statements to identify discrepancies, review transactions, and help keep your bookkeeping records aligned with your actual accounts.
A Closer Look at Every Account Balance.
Bank reconciliation is more than checking a final balance. It involves comparing transactions between your financial statements and bookkeeping records to determine where differences exist and what needs attention.
Bank Statement Reconciliation
Compare transactions recorded in your books with bank statements to verify account activity and identify differences that need review.
Credit Card Reconciliation
Review credit card activity against your bookkeeping records to help ensure purchases, payments, and balances are properly reflected.
Discrepancy Review
Identify differences between your statements and bookkeeping records, including transactions that may be missing, duplicated, or recorded incorrectly.
Balance Verification
Review reconciled account balances so your bookkeeping records provide a more accurate picture of the financial activity in your business.
Compare. Review. Reconcile.
Our bank reconciliation process compares your bookkeeping records with financial statements, identifies differences, and helps bring account activity and balances into alignment.
Get Started With Bank Reconciliation →Review Account Information
Review the relevant bank, credit card, and bookkeeping records for the reconciliation period.
Match Recorded Transactions
Compare transactions in your bookkeeping records with activity shown on your financial statements.
Identify Differences
Review unmatched or inconsistent activity and identify discrepancies that need attention.
Verify Account Balances
Complete the reconciliation so your bookkeeping records and account activity are properly aligned.
Reconciliation Works Best With Organized Bookkeeping.
Bank reconciliation is an important part of maintaining accurate books, but it works alongside the rest of your bookkeeping. Keeping transactions organized and accounts current makes it easier to understand your financial records.
GroundHogTAX™ also provides monthly bookkeeping, catch-up bookkeeping, payroll processing, and accounts payable and receivable services to help keep your business finances organized.
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