Outsourcing Accounts Reconcilation Services

Accounts Reconciliation Services

If your business accounts are in bad shape because of computing errors or improper record maintenance, we help reconciling suspense accounts and clearing clutter at affordable rates

If you break out ledgers, journals, and other account entries you've paid no heed to, except occasionally, for making entries only when financial close nears, it could spell trouble. You might vouch that your account has been spic and span until auditors begin pointing at discrepancies. So don't wait till you've dropped out of their good books. Instead, outsource accounts reconciliation services to Global Accounting Corp to let our reconciliation experts do what they do best for accounts like yours. We turn to activities of an accounting period to compare balances from independent sources such as books, statements, and reports. Due diligence is how we unravel the minutest flaws that usually end up as a bone in the throat. Then, we prompt you to maintain proper internal control through corrective actions.

As a top accounts reconciliation service provider, Global Accounting Corp holds ISO: 9001:2015 certification. This authorizes us to separately reconcile sources, create risk-based criteria, propose an action plan, report to management and set up training for your internal staff to comply with the GAAP norms.

Our Accounts Reconciliation Services

As a top accounts reconciliation service providing company, we future proof you from delinquencies and set your focus where it needs to be in the first place. Sometimes, overlooking smaller aspects is how you could veer off course and get folded under mismanaged accounts. Whether it's pre-emptive reconciling measures or a full-scale rescue, we are set up for your challenges.

Our accounts payable reconciliation services encompass -

Pre-audit Account Clean up

Pre-audit Account Clean up


Before a formal audit, it's important to check your account books to be sure there are visible problems. Our team approach is to look for problem areas by looking at account charts. In it, we remove duplicates and dormant accounts as part of systematic structuring. The adjustments are made in posted entries to reconcile the records as per the accounting norms.

Accounts Receivables Reconciliation

Accounts Receivables Reconciliation


We begin by looking or delinquent accounts and send friendly payment reminders to those with outstanding dues. Meanwhile, in the backend, we review pending invoices to ensure the value matches the Purchase Order or other order contracts. As an extension of our bank reconciliation services, we research bank statements if invoices were cleared without the check deposits.

Vendor Statement Write-off Reconciliation

Vendor Statement Write-off Reconciliation


As part of our accounts reconciliation solutions, we request a 12-month account statement from your payable accounts. In a step-by-step process, we mark off paid invoices to reconcile vendor statements. We will flag records where unidentified discrepancies exist in the invoice and payment made. Once the gap is identified, we will write a journal entry to clear outstanding dues. If authorized, your account payable will be debited to settle accounts.

Credit and Debit Reconciliation

Credit and Debit Reconciliation


Using debit credit matching software we reconcile credit and debits of your target account. It could a trade or suspense account, nevertheless, we have skill in reconciling both ends. If your trade account is unbalanced, our accounting software helps our team to investigate and zero-in on the exact delinquent transactions responsible for causing balances to go off-spec.

Maintenance of Vendor Accounts and Ledgers

Maintenance of Vendor Accounts and Ledgers


Setting up new vendors or updating existing records require vendor maintenance so that records can be created if they don't already exist. This is crucial before the purchase order and invoice payment is transacted as it allows the software to automatically assign vendor code when new values are created. Our team also takes care of contract negotiation, cost control, risk mitigation to ensure spic and span account.

Maintenance of Customer Accounts

Maintenance of Customer Accounts


While maintaining customer accounts, we make sure that you can view the complete list of debit and credit activities from the current and past cycles. We can have the information made available to different stakeholders with permission to view select information based on their authority and control over the system.

Verification of Vendor Invoices

Verification of Vendor Invoices


We verify the vendor invoice to look for a mismatch in the cost, quantity, and quality promised on delivery. Based on stringent checks, we post invoices against the purchase order. We help vendors get their accounts reconciled after getting paid.

When you outsource accounts reconciliation services to us, we can take care of all your accounts reconciliation needs, even the ones not mentioned above. Contact us for your custom requirements.

Software that Powers Our Accounts Reconciliation Services

  • Salesforce
  • QuickBooks
  • Bill.com
  • MYOB
  • Wave
  • Peachtree
  • ReceiptBank
  • Intuit Quicken
  • SAP
  • Microsoft Dynamics
  • NetSuite
  • inFlow
  • Intacct
  • Expensify
  • Xero
  • Simply Accounting by Sage
  • Daxko
  • Sage

Our Accounts Reconciliation Process

At Global Account Corp, we offer a choice to go with full-suite accounts reconciliation services or specific solutions to save cost and time. The flexibility to choose what works best for your accounts reconciliation needs is what makes us GAC the best accounts reconciliation service providing company. Our process starts with your cooperation and in return, we keep you apprised about what we do. Here's how we handle the accounts reconciliation services -

01

Data Extraction from Documents

To reconcile, we start with the aggregation of data from bank records, using automated extraction scripts as part of RPA

02

Value Matching

We match values at the transaction level and clear matching transactions. If any mismatch exists, it will be reconciled using rule-based matching for simple and AI/ML for complex values

03

Reconciliation of Accounts

All account statements and books are organized in a catalog for ease of access and faster processing

04

Adjustment of Values

All reconciling items will be thoroughly investigated to fix errors, report, and secure approvals. We use workflow software than a manual investigation to adjust values

05

Updating Records and Statements

Your general ledger and record books that previously contained errors would be rectified by replacing old values with the latest one

06

Transfer to General Ledger

If any dues from reconciled statements exist, the surplus will be adjusted against records and all parties will be notified about the change

Simple Steps to Hire a Virtual Accountant from GAC

Step 1
Free Consultation
Step 2
Agree On Process
Step 3
Grant Access
Step 4
Go Live

Why Hire GAC Over Competitors?

01

Hiring in-house Accountant

  • Wages often start upwards of $4542 per month
  • Risk of attrition and high cost of training
  • High staff turnover leaves too many semi-skilled accountants
  • Fixed work hours with no overtime
  • High cost to the company

02

GAC Accounts Reconciliation Services

  • Price begins at $8 per hour with no up-front charges
  • Complies with SLA and quality standards before sign off
  • 100% dedication from certified accountants
  • Follows flexible working schedule
  • No up-front charges

03

Other Accounts Reconciliation Companies

  • Steep hourly rates in the range of $20 or more per hour
  • No compliance guarantees to contract terms
  • High employee attrition affects scalability
  • Fixed working hours or limited flexibility
  • May levy hidden fees and processing charges

Industries that Have Benefitted from Our Accounts Reconciliation Services

Healthcare Banking and Finance Manufacturing Retail & Wholesale Agriculture Mining Logistics & Transportation Engineering Services Oil and Gas Real Estate Telecommunications IT & Software Pharmaceutical Restaurant Insurance

Customer Success Stories

GAC's expertise in cash flow system development helped our client to auto-regulate transaction proofs such as bills of lading, delivery invoices, etc.

GAC's billing support reconciled statements and books for a law firm and fulfilled all requirements be it raising requests and posting AR to closing the accounts.

Contact us to know our customer success stories

Find Out How Our Accounts Reconciliation Services Can Help Your Business

If your run a small business, it's important to not overlook account reconciliation as it ensures you keep a track of your expenditure by matching the transactions with records at the end of a financial period. If you lack the in-house initiative to reconcile accounts at a regular interval, it could pave way for factual errors and fraudulent activities. This is what we curd at Global Accounting Corp. With 17 years of experience in accounting and bookkeeping services, we do our best to make the best use of accounting systems to make your balances tally at the end of the financial cycle.

Get in touch with us today if you're ready to take the next step towards innovation and automation in accounts reconciliation and compliance.

Portfolio How We Work About Us

Get a Free Quote

Decide in 24 hours whether outsourcing will work for you.

We respect your privacy. Our Policy.

Our Customers

Action Accounts
Carole Holding
Banca di Roma
LoyalDog Software
ProfitKeeper
Alliance Test Equipment
MEDOWS CPA
Huntington Learning Center
Darren Brady CPA PC
Crunch Health & Fitness
DCI Furniture
The IT Three
Bookkeeper2Go
ACPAS
Gerstein Fisher

Get in touch


We respect your privacy. Our Policy.

INDIA

No.6, Banaswadi Main Road, Dodda Banaswadi, Bangalore - 560 043

Corporate Court, #15, Infantry Road, Bangalore - 560 001

PHILIPPINES

Aeon Towers, J.P. Laurel Avenue,
Bajada, Davao 8000

USA

116 Village Blvd, Suite 200, Princeton, NJ 08540