Bank Reconciliations

3rd May 2018 |

Whilst we all enjoy saving time by reconciling our bank statements using an automatic bank feeds, it’s important to remember that errors can occur occasionally and it is better to fix them sooner rather than later.

Whether you are using MYOB, Xero or Quickbooks Online, the data feed that comes from the bank can sometimes be imported more than once, or have a whole day of transactions missed!  That is why it is very important to check the bank reconciliation to the actual paper statement you receive from the bank at least once a month.

If there is a difference and you don’t know how to fix it, please feel free to contact our office and we will be more than happy to help.