Account & Card Reconciliation Services
Accurate Financial Records for Small Businesses
Keeping your financial accounts accurate is critical to the health of your business. Modern Math Accounting provides professional account and card reconciliation services in Lufkin and across Texas, helping businesses maintain clean, reliable records for banks, credit cards, and other financial accounts.
What is Account & Card Reconciliation?
Account and card reconciliation is the process of comparing your internal financial records to statements from your bank and credit card accounts to ensure all transactions are accurate and accounted for. This includes matching deposits, expenses, fees, and transfers.
Proper reconciliation allows businesses to:
Detect errors, duplicates, or fraudulent activity
Verify that all transactions are recorded correctly
Ensure that financial statements are accurate for reporting, tax filing, or audits
Our services ensure your accounts are balanced and compliant with accounting standards, providing peace of mind and clarity for decision-making.
Why Bank and Credit Card Reconciliation Matters
Reconciling your bank and credit card accounts is essential for maintaining accurate financial records. Without regular reconciliation, businesses risk:
Overlooking missing or incorrect transactions
Misreporting income or expenses
Facing cash flow issues due to unrecorded or duplicate charges
Difficulty preparing accurate financial reports or tax returns
Modern Math Accounting provides bank and credit card reconciliation CPA services, ensuring your books are always up-to-date and ready for tax preparation or financial review.
Our Account & Card Reconciliation Services
We offer a comprehensive reconciliation process that helps businesses stay organized and compliant. Our services include:
Bank Account Reconciliation: Matching deposits, withdrawals, and fees with internal records
Credit Card Reconciliation: Verifying charges, payments, and refunds against receipts
Expense Verification: Ensuring all expenses are legitimate, categorized correctly, and documented
Duplicate & Error Detection: Identifying discrepancies or duplicate transactions
Monthly Reporting: Providing clear reports showing reconciled accounts and outstanding items
By maintaining accurate account records, your business can operate efficiently and confidently.
Why Choose Modern Math Accounting for Reconciliation?
Tricia Thomason, CPA, leads our team with over 20 years of experience assisting small businesses, contractors, and restaurants in Lufkin and throughout Texas.
With Modern Math Accounting:
U.S.-based accountants perform all reconciliation services
We provide CPA-level oversight for all bank and credit card reconciliations
Financial records are maintained in compliance with accounting standards
Reports are clear, detailed, and ready for taxes, audits, or financial planning
Step-By-Step Account Reconciliation Process
Step 1: Collect Statements and Records
We gather all bank and credit card statements, receipts, and internal transaction records.
Step 2: Match Transactions
Every deposit, withdrawal, and charge is compared against internal bookkeeping records to identify discrepancies.
Step 3: Correct and Adjust Records
We make necessary adjustments for errors, unrecorded transactions, or duplicates.
Step 4: Generate Reports
Monthly reconciliation reports provide a clear summary of reconciled accounts, unreconciled items, and recommended actions.
Step 5: Review and Plan
We review your reconciled accounts with you and provide guidance on cash flow, expense management, and financial planning.
Benefits of Account & Card Reconciliation
Accuracy: Ensures financial records are correct and reliable
Fraud Prevention: Detects unauthorized transactions quickly
Tax-Ready: Keeps your accounts organized for CPA review and tax filing
Better Financial Insights: Understand cash flow and spending patterns
Peace of Mind: Avoid surprises from errors, duplicates, or missed charges
Frequently Asked Questions
-
Account and card reconciliation is the process of comparing your internal financial records with bank and credit card statements to ensure all transactions are accurate and complete. Proper reconciliation helps detect errors, prevent fraud, and maintain accurate financial statements. For businesses in Lufkin and across Texas, regular reconciliation ensures reliable reporting, smooth cash flow, and tax readiness.
-
Ideally, businesses should reconcile accounts monthly, but for high-volume businesses such as restaurants, construction firms, or retail operations, weekly reconciliation may be necessary. Regular reconciliation ensures discrepancies are identified and corrected promptly, helping you maintain accurate records for better financial decision-making and CPA-ready statements.
-
Yes. We provide comprehensive reconciliation services for both bank accounts and credit cards. Our team matches deposits, withdrawals, fees, and charges to internal records, identifies discrepancies, and ensures every transaction is accounted for. Our services are designed for businesses across Texas, including Lufkin, to ensure books are accurate and compliant with accounting standards.
-
Reconciliation ensures that all transactions are accurately recorded and categorized, making it easier to prepare tax returns and respond to audits. CPA-level reconciliation by Modern Math Accounting ensures your records are organized, verified, and ready for review, reducing the risk of errors or missed deductions and giving you confidence during tax season.
-
Any business that uses bank accounts and credit cards can benefit from reconciliation services. This includes small businesses, restaurants, contractors, construction firms, and retail businesses in Lufkin and across Texas. Proper reconciliation helps businesses maintain accurate financial records, detect errors or fraud, and make informed financial decisions.
