Bank Reconciliation — Reliable matching of your bank statements to bookkeeping records
We provide systematic bank reconciliation to ensure your cash and bank balances in the ledger match your bank statements, identify discrepancies, and produce clear, actionable reports for management and accountants.
Overview
Our team reviews bank statements and company books to match transactions, identify missing entries, and flag discrepancies. We work with common accounting systems (Zoho Books, QuickBooks, Xero, Tally) and CSV/PDF bank statements used in UAE banks. We document exceptions such as uncleared cheques, bank charges, FX differences, or data entry errors and recommend corrective journal entries. Reconciliations include clear reconciled balance summaries and working papers suitable for audits and monthly close. Services can be delivered as a one-time cleanup or as an ongoing monthly process integrated with your bookkeeping workflow. We maintain confidentiality, follow UAE compliance norms, and coordinate with your finance team or external auditor as needed. Reports include reconciliation worksheets, lists of outstanding items, and suggested adjusting entries to update your ledger accurately and efficiently.
What to prepare
- Bank statements (PDF or CSV) for the reconciliation period
- General ledger or bank cash book exports from your accounting system
- List of outstanding cheques and deposits in transit (if available)
- Access to accounting system or exported chart of accounts
- Previous reconciliation reports and closing balances (if any)
- Authorization letter for bank statement access or a bank portal read-only access
How the process works
- Receive bank statements (PDF/CSV) and company ledger or accounting export
- Import or map transactions into the accounting system and standardize formats
- Match bank transactions to ledger entries and identify exceptions
- Investigate and document discrepancies; propose and post adjusting journal entries
- Deliver reconciliation report, working papers, and recommendations for process improvements
Why clients choose AL SAHRAA
- Admin-reviewed quotations before you proceed.
- Document coordination and progress tracking in one portal.
- Support for business, compliance, visa, insurance, and IT-related requests.
- Clear request history, updates, and delivery follow-up.
Frequently asked questions
What is bank reconciliation and why does it matter?
Bank reconciliation is the process of matching your ledger cash/bank balances to the bank statement to find and resolve differences, helping ensure accurate financials and smoother month-end close.
How often should we reconcile bank accounts?
Monthly reconciliation is standard for most businesses; higher transaction volumes may require weekly or daily checks. Frequency depends on cash activity and internal controls.
Can you reconcile accounts maintained in Zoho Books, QuickBooks, Xero, or Tally?
Yes. We work with common accounting systems and can import exports, map transactions, and post recommended adjusting entries into these platforms.
How long does a reconciliation take?
Turnaround depends on transaction volume and data quality. A typical monthly reconciliation for a single operating account can take from a few hours to a couple of days; backlog cleanups take longer and start with an assessment.
What happens if we don’t have online access to bank statements?
We can work from PDF or CSV statements you provide. For recurring work, read-only bank portal access or regular statement exports improve efficiency and reduce turnaround time.