Bookkeeping & Outsourced Accounting — Bank Reconciliation
A ledger that hasn't been reconciled against the bank isn't really current — it's a guess. FMCA reconciles every account on an agreed cycle, catching duplicate charges, bank fees and timing differences before they compound into a discrepancy nobody can explain at year-end.
Reviewed by FMCA's Senior Accounting Advisory Team — CPAs and former Big Four auditors serving 500+ UAE and KSA SMEs.
Four areas of work, run every cycle so the books match the bank, not just look plausible.
Every line in the bank statement matched against the ledger, not just the closing balance checked against itself.
Duplicate charges, bank fees and timing differences traced to a resolution, not left as an unexplained variance.
Reconciliation across every account and currency a business actually operates in, not just the primary AED account.
A clear reconciliation report each cycle, so cash position is confirmed rather than assumed from an unreconciled balance.
An unreconciled ledger looks fine right up until it's tested by a filing, an audit or a fraud check.
Unauthorized or duplicate transactions are far more likely to go unnoticed the longer an account goes unreconciled.
An unreconciled balance means decisions get made on a number that might not actually reflect what's in the bank.
A tax filing or audit built on unreconciled figures is where the gap finally surfaces — usually under a deadline.
This is foundational to bookkeeping and everything built on top of it — financial statements, tax filings and investor reporting all depend on reconciled numbers.
The right cadence tracks transaction volume, not company size.
Our Approach
A balance that matches by coincidence isn't reconciled — two errors can cancel out. FMCA matches every transaction line, so a clean reconciliation actually means the underlying detail is correct, not just the total.
How We Work
Illustrative scenarios based on the kind of work we do — not descriptions of specific named clients.
A routine reconciliation caught a duplicate bank fee charged in error, leading to a refund the client would otherwise have absorbed silently.
A backlog of unreconciled multi-currency accounts was cleared and matched ahead of a corporate tax filing deadline.
Reconciliation cadence increased after transaction volume grew, catching a payment-processor timing issue within days instead of a month.
Related Insights
FAQ
Weekly for higher transaction volumes or multi-currency accounts, monthly for lower-volume businesses — we assess actual activity before recommending a cadence.
A balance can match by coincidence even when individual transactions don't — two offsetting errors can cancel out. We match line by line, not just the total.
Yes — reconciliation covers every account and currency the business actually operates in, not just the primary account.
It's investigated and tracked until resolved — flagged clearly rather than left as an unexplained variance in the reconciliation report.
Yes — this is a common starting point. We bring the backlog current before moving to a normal ongoing cycle.
Tell us where things stand and a senior consultant will get back to you directly — not a call centre.
