BANK RECONCILIATION
Always know your true bank balance
One of the principles of bookkeeping is knowing your true bank balance. Matching your deposits and receipts with your expenses and recording any outstanding checks gives you a clear idea of where you stand.
CREDIT CARD RECONCILIATION
Stay on top of your credit cards
Many e-Commerce businesses depend on credit to purchase and replenish their inventory. It’s not unusual for a business to have over 10 credit cards and more than 5 bank accounts. It’s important to keep your accounts current with regard to payments and receipts. Like clockwork, Open Sky will reconcile your credit card and bank accounts every business day.
- We use xero’s reconciliation and match feature every business day
- We use xero’s bank and cash rules to automate deposits and expenses
- We will always check with you if there is any question about an expense
- Always know your true bank balance
