Bank Reconciliation Services for UK Businesses That Need Accuracy
If your accounting records do not match your bank, every number that follows is unreliable. ABM Chartered Accountants provides bank reconciliation services that match every transaction, clear every discrepancy, and give you accounts you can trust completely.
Every Transaction Matched, Every Difference Resolved
Bank reconciliation is the process of matching every transaction on your bank statement to the corresponding entry in your accounting system. It confirms that nothing has been missed, duplicated, or recorded incorrectly. ABM Chartered Accountants reconciles all your bank accounts, credit cards, and payment platforms so your financial records always reflect reality.
Our ICAEW and ACCA qualified accountants reconcile your accounts on a weekly or monthly basis, investigate and resolve discrepancies, clear backlogs of unmatched items, manage your bank feeds, and produce reconciliation reports that confirm your books match the bank. We work on Xero, QuickBooks, Sage, and FreeAgent.
What Our Bank Reconciliation Service Covers
From reconciling multiple accounts to clearing historic backlogs, here is how ABM Chartered Accountants ensures your accounting records match your bank statements completely every period.
Multi-Account Reconciliation
Reconciling all your business bank accounts, credit cards, and payment platforms in one process.
Discrepancy Investigation
Identifying and resolving differences between your bank statements and your accounting records.
Unreconciled Items Clearance
Clearing backlogs of unmatched transactions that have built up over weeks, months, or years.
Bank Feed Management
Setting up and maintaining automatic bank feeds so transactions flow into your system correctly.
Opening Balance Correction
Fixing incorrect opening balances that cause your reconciliation to fail from the very start.
Reconciliation Reporting
Producing a clear reconciliation report each period that confirms your accounts match the bank.
Accounts You Can Actually Trust and Rely On
Unreconciled bank accounts are one of the most common causes of unreliable financial information. If your books do not agree with the bank, your profit figures, your VAT returns, and your tax computations are all potentially wrong. ABM Chartered Accountants eliminates this risk by keeping your reconciliations current, complete, and correct.
Regular reconciliation also catches problems early. A fraudulent transaction, a duplicate payment, a supplier overcharge, or a missed customer receipt will all show up when the bank is matched. The sooner you reconcile, the sooner you catch it, and the less it costs to fix.
Bank Reconciliation for Businesses Right Across the UK
Based in Canary Wharf, London, ABM Chartered Accountants provides bank reconciliation services to businesses throughout the UK. Our cloud-based approach means we reconcile your accounts remotely and efficiently.
Bank Reconciliation for Every Business Sector
We reconcile bank accounts for businesses in retail, e-commerce, construction, hospitality, professional services, property, trades, and technology. Whatever your sector, accurate reconciliation is the foundation of reliable accounts.
Why Businesses Choose ABM for Reconciliation
Chartered Reconciliation Experts
ICAEW and ACCA qualified reconciling your bank accounts.
Every Account Covered
Banks, credit cards, and payment platforms all matched.
Backlogs Cleared Fast
Historic unreconciled items investigated, resolved, and cleared completely.
How We Work
Initial Consultation
Set Up and Onboard
Ongoing Support
We provide regular reviews and proactive advice to keep your finances optimised and HMRC-compliant.
Get in Touch Today
Whether you need help with your tax return, payroll, VAT, or business advisory, our qualified UK accountants are ready to provide clear, practical guidance for your specific needs.
Book a Consultation
Fill in the form below and one of our expert accountants will contact you promptly to discuss your accounting and tax requirements.
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Frequently Asked Questions
Here are answers to the bank reconciliation questions we hear most often. Contact our team for guidance.
What is bank reconciliation?
Bank reconciliation is the process of comparing the transactions on your bank statement with those recorded in your accounting system. The aim is to ensure they match. Any differences are investigated and resolved so your accounting records accurately reflect your actual bank position.
How often should bank accounts be reconciled?
At a minimum, bank accounts should be reconciled monthly. For businesses with high transaction volumes or fast-moving cash, weekly reconciliation is recommended. ABM Chartered Accountants reconciles your accounts on whichever frequency best suits the pace of your business.
What causes bank reconciliation discrepancies?
Common causes include missing transactions, duplicated entries, bank charges not recorded, timing differences on payments and receipts, incorrect amounts, and transactions posted to the wrong account. ABM Chartered Accountants investigates every discrepancy and resolves it before closing the period.
Can you clear a backlog of unreconciled items?
Yes. We regularly clear reconciliation backlogs for businesses that have fallen behind. Whether your accounts have been unreconciled for weeks, months, or even years, ABM Chartered Accountants works through the history systematically until every item is matched and your records are clean.
Do you reconcile credit cards and payment platforms?
Yes. We reconcile all your financial accounts, not just your main bank account. This includes business credit cards, PayPal, Stripe, GoCardless, SumUp, and any other payment platform your business uses. ABM Chartered Accountants matches every transaction across every account.
How much does bank reconciliation cost?
Fees depend on the number of accounts, the volume of transactions, and whether you need a one-off backlog clearance or ongoing regular reconciliation. We offer fixed monthly pricing. Contact ABM Chartered Accountants for a quote based on your business.