4th March 2020
Credit card reconciliations are an important task, this helps verify the integrity of data between the credit card statements. The other associated reports and company’s internal financial records are handled well in this task.
The process is initiated with a comparison of major transactions that take place between the credit card statements and the transactions associated with the accounts of a company’s chart of accounts.
This is an important step that ensures that the credit card statements and balances are accurate. Accountants investigate any discrepancies and take necessary corrective action.
The bank and credit card reconciliation process is initiated when the credit card statements are received, or in case the financial period is over. The accountants go through every transaction that is available on the credit card statement and then that is matched to the transaction with the company’s internal systems.
This is inclusive of both outbound credit card payments made to the suppliers as well as the service providers. The inbound credit card payments made from customers also are included in this. We at Whiz Consulting ensure no discrepancies are left unattended. We strive to achieve nothing less than the best for our clients.
Why Choose Whiz Consulting?
– Financial and Accounting outsourcing task is handled by our experts.
– We help our clients with accounting, payroll and taxing calculation tasks, it also brings down the total cost of accounting to a great extent.
– Get access to all the forward, innovative ideas, and programming tasks.
– We have a team of specialists that ensure you are offered the best.
Whiz Consulting holds experience in offering the best accounting and financial outsourcing service. Our clientele base spans across different countries. We utilize the prowess of some major accounting software inclusive of QuickBooks, XERO Sage, MYOB, Tally etc. We ensure that you are offered experts that would help you with all your monetary undertakings, consequently there would be some calculations and budget tasks that need to be catered on your behalf, we take care of all of them and more. s as they all utilization the most recent apparatuses and methods. Whiz Consulting specializes in offering the best service to its client.
Address: Suite 1A Level 2,802 Pacific Highway, Gordon NSW 2072, Australia
Contact No. (61) 280064788