In accounting, Reconciliation refers to the process of ensuring that two sets of records (usually the balances of two accounts) are in agreement. Reconciliation is used to ensure that the money leaving an account matches the actual money spent. This is done by making sure the balances match at the end of a particular accounting period.

To ensure the reliability of the financial records, reconciliations must, therefore, be performed for all balance sheet accounts on a regular and ongoing basis. A robust reconciliation process improves the accuracy of the financial reporting function and allows the finance department to publish financial reports with confidence.

Reconciliation and tallying the various statements of accounts are often tedious and time consuming, especially in business organisations with large volume of transactions. In such a scenario, we offer to sit down, analyse and reconcile the various accounts, irrespective of the volume of transactions and its complexity. The main areas where we offer this service are –

• Reconciliation of Head Office and Branch accounts
• Reconciliation of the various Bank accounts of the business
• Accounts Receivables and Payables reconciliations with the statements of accounts of the customers / vendors
• Reconciliation of GL Accounts
• Credit card statements reconciliations

• Algebraa develops customized accounting systems to meet your accounting needs. Our in-house team works with you from design through the final implementation phase to ensure that the selected software features are a perfect fit for your business. Algebraa provides a team of expert accountants and IT techies who have extensive experience developing robust accounting software programs, small business accounting systems, and mid-sized business accounting systems. We can help you grow your business without having to hire additional personnel. Our team can also integrate your existing accounting system software with other popular applications like QuickBooks, Great Plains, Peachtree, Intacct, Tally etc. Our trained IT staff can provide live training and help desk services for troubleshooting if operational questions arise about your accounting system.
• We provide the following accounting system services:
• Accounting Software Selection and Implementation
• Data Entry and Conversion Services
• Integration with Third-Party Applications like Payroll, Time Management, Billing etc.
• E-commerce
• Local and Remote Application Hosting
• Help Desk and Training for Online Accounting System
• Software used:
• QuickBooks
• Peachtree
• MYOB
• Tally
• Great Plains, etc.