Reconciliations

This process is essential to knowing your cash available and understanding how your business managed its operations. This is accomplished by accurate categorization of your receipts, transfers, withdrawals, and expenses transacted during the business year. Once your bank reconciliation has been achieved your accurate set of books and records will allow you to produce reliable financial statements in the form of a Profit and Loss Statement, Balance Sheet, Excel, or some other method of business summary. After this step, you are ready to have your Tax Return(s) prepared.