Account Reconciliation isn’t limited to just bank accounts and credit cards.
This includes everything listed on your Financials, such as inventory, assets, loans, depreciation, and amortization.
The number of bank accounts and credit card statements heavily influences pricing for reconciling accounts.
With only one entry to make, such as loan payments, this doesn’t influence the price since they’re counted towards your transaction volume for general bookkeeping services.
Pricing may be influenced by accounts with a larger number of transactions than what may be typical of companies of similar size.
Other Accounts That Need to be Reconciled
Additional accounts that need to be reconciled include your accounts receivable and accounts payable. However, these are usually reviewed weekly or monthly, depending on your transaction volume, and are included with your payables and receivables services.
Payroll is another amount that should be reconciled, but this is typically done at each pay period and is included with your payroll services.
Account Reconciliation needs to go beyond bank account and credit card statements to include ALL of your Financials.