Bank Reconciliation

Think of bank reconciliation as the foundation of your accounts. When it’s solid, everything else works as it should. When it’s shaky, you can’t trust any of your numbers.

In simple terms, it’s the process of matching every single transaction from your business bank and credit card statements to your Xero file. This ensures that the money your accounting software thinks you have is the same as the money that's actually in the bank.

It’s a crucial but often tedious job, especially when you’re unsure how to code a certain payment or a transaction just won’t line up. Get it wrong, and you end up with inaccurate reports, potential cash flow surprises, and a bigger bill from your accountant at year-end.

The team at Auckland Bookkeepers handles this meticulously for you. We connect your bank feeds, correctly code every transaction, and chase up any discrepancies. We do it consistently, so your financial data is always current and reliable. No more guesswork, and no more marathon tidy-up sessions before your GST is due.