Reconciliation

Account reconciliation, defined as the act of confirming whether the actual account balance matches the corresponding bank statement, is crucial to the financial health of organizations. By verifying the accuracy of each account, the account reconciliation team identifies errors and inconsistencies requiring correction, prevent fraud, avoid legal issues and reconciles the final balance accordingly. Accounting reconciliation is a vital tool for company auditors to determine the accuracy of a company's financial statements and its internal reporting.

Depending on their size, structure and business goals, establishments often require different account reconciliation services. In order to fulfill this need, RSSG provides its diverse range of global clients with need based account reconciliation services.