Accounting & Bookkeeping
Bank & Credit Card Reconciliations
Bank and credit card reconciliation ensures every transaction in your accounting software matches your actual bank and card statements. PHC & Associates performs thorough reconciliations each period — catching errors, duplicate entries, and missing transactions before they become problems.
1000+
Clients Served
CPA
Certified
Cloud Based
Real-Time Access
What's Included
Everything Handled for You
Reconciliation of all bank accounts each period
Credit card and loan account reconciliation
Matching transactions to bank feeds or imported statements
Identification and resolution of unreconciled or duplicate items
Investigation of discrepancies and unusual transactions
Petty cash reconciliation
Opening balance verification for new clients
Reconciliation reports provided after each period
Why It Matters
Why Bank Reconciliation Matters for Your Business
Bank reconciliation is one of the most important — and most overlooked — bookkeeping controls. It's the process that confirms your books actually reflect what's in your bank account, and catches problems before they compound.
Catch Errors Early
Unreconciled accounts hide mistakes — duplicate entries, missed transactions, or miscoded payments — that distort your financial picture and lead to poor decisions.
Prevent Fraud
Regular reconciliation is your first line of defence against fraudulent transactions or unauthorised payments going unnoticed in your accounts.
Accurate GST Reporting
Your BAS is only as accurate as your reconciled records. Unreconciled transactions can lead to incorrect GST claims and ATO penalties.
Reliable Financial Reports
Profit and loss statements and balance sheets are meaningless if the underlying bank data hasn't been reconciled. Reconciled books mean reports you can trust.
Lender Confidence
Banks and lenders review your financials when assessing loans. Reconciled, clean accounts demonstrate financial discipline and improve your borrowing position.
How It Works
Your Step-by-Step Process
A clear, repeatable process so you always know what to expect.
Statements Received
You provide or we access bank and card statements for the period.
Feed Matching
Transactions are matched against the bank feed or imported statement.
Discrepancy Review
Unmatched or unusual items are investigated and resolved.
Adjustments Made
Any corrections or missing entries are posted to the ledger.
Reconciliation Signed Off
Completed reconciliation reports are provided for your records.