Bookeeper

Bookkeeper – Bank Reconciliation

The bookkeeper is responsible for performing regular bank reconciliations to ensure that the company’s accounting records accurately match the bank statements. This includes reviewing bank transactions, deposits, withdrawals, cheques, electronic payments, and other banking activities.

Main responsibilities include:

• Reconcile bank accounts on a regular basis.
• Compare bank statements with the accounting records.
• Identify and investigate discrepancies, missing transactions, and errors.
• Record outstanding cheques, deposits, bank charges, and other adjustments.
• Ensure all transactions are properly recorded and classified.
• Follow up on unreconciled or unusual transactions.
• Maintain accurate and organized reconciliation records.
• Report significant discrepancies or issues to management.
• Ensure bank balances in the accounting system are accurate and up to date.

The main objective of bank reconciliation is to ensure the accuracy and completeness of the company’s financial records and identify errors or discrepancies in a timely manner.