Reconciliation

The Bank Reconciliation Statement is the most common tool used by organizations for reconciling the balance as per books of company with the bank statement .The main objective of reconciliation is to ascertain any discrepancy.

The difference between the two records on a given date may arise because of the following:-

• Checks drawn but not yet presented to the bank.
• Checks received but not yet deposited in the bank.
• Interest credited and not recorded in the organization's books.
• Bank charges debited but not recorded in the organization's books.

Mentoris financial reconciliation services are done by qualified team who can quickly provide quality turnaround. Our team is well versed in the causes of discrepancies in BRS which can be caused by lack of established controls in periodical evaluation of historical financial records, a failure to detect and correct unusual and questionable conditions and the failure to recognize repetitive problem patterns.

Our operations are designed to take these issues into consideration. Mentoris professionals are thorough with various reconciliation processes like bank reconciliation, petty cash reconciliation, account receivables, mitigating controls and periodical reporting.