Credit Card Reconciliation Service by AFHBookkeeping

Welcome to AFHBookkeeping

Your trusted provider of credit card reconciliation services. We specialize in accurate credit card reconciliation using advanced software and templates, including QuickBooks, to streamline the process and ensure financial accuracy.

What is Credit Card Reconciliation?

Credit card reconciliation is the process of comparing and matching credit card statements with internal records to ensure accuracy and identify any discrepancies. It involves reconciling transactions, verifying amounts, and resolving any discrepancies to maintain reliable financial records.

How to Do Credit Card Reconciliation

Performing credit card reconciliation requires attention to detail and systematic steps. Here’s a general process for credit card reconciliation:

  1. Gather Credit Card Statements: Collect the latest credit card statements for the period you want to reconcile.
  2. Review Internal Records: Compare the credit card transactions recorded in your internal system, such as accounting software or spreadsheets, with the statements.
  3. Match Transactions: Match each transaction on the credit card statement with the corresponding entry in your internal records.
  4. Resolve Discrepancies: Investigate and resolve any discrepancies or differences found between the statements and your records. This may involve verifying transaction details, checking for missing or duplicate entries, or contacting the credit card provider for clarification.
  5. Update Records: Once all discrepancies are resolved, update your internal records to reflect the accurate information from the credit card statements.
  6. Document Reconciliation: Maintain a record of the reconciliation process, including any adjustments made, for future reference and audit purposes.
  7. Regular Reconciliation: Perform credit card reconciliation on a regular basis, such as monthly or quarterly, to ensure ongoing accuracy of financial records.

How to Do Credit Card Reconciliation in Excel

Excel can be a useful tool for credit card reconciliation. Here’s a step-by-step guide to performing credit card reconciliation in Excel:

  1. Organize Data: Import or input your credit card transactions into an Excel spreadsheet, including columns for date, description, amount, and any other relevant details.
  2. Import Credit Card Statements: Import the credit card statements into separate worksheets or columns within the same worksheet.
  3. Use Formulas: Utilize Excel’s formulas, such as VLOOKUP or INDEX-MATCH, to compare and match transactions between your internal records and the credit card statements.
  4. Highlight Discrepancies: Apply conditional formatting or other highlighting techniques to identify discrepancies or differences between the statements and your records.
  5. Resolve Discrepancies: Investigate and resolve the identified discrepancies, ensuring accurate matching of transactions.
  6. Update Records: Update your internal records with the reconciled information, reflecting the accurate credit card transactions.
  7. Save and Document: Save the Excel file and maintain a record of the reconciliation process for future reference.

Why Choose AFHBookkeeping for Credit Card Reconciliation

When it comes to credit card reconciliation, AFHBookkeeping offers several advantages:

  • Professional Expertise: Our skilled professionals have extensive experience in credit card reconciliation, ensuring accurate and reliable results.
  • Specialized Software: We utilize advanced credit card reconciliation software that automates data matching, identifies discrepancies, and generates detailed reports.
  • QuickBooks Integration: We are proficient in utilizing QuickBooks, a popular accounting software, for credit card reconciliation. This streamlines the process and improves efficiency.
  • Customized Solutions: We tailor our credit card reconciliation services to meet your specific business needs and industry standards.
  • Confidentiality and Security: We handle your financial information with the utmost confidentiality, employing robust security measures to protect your data.
  • Comprehensive Reporting: We provide detailed reports summarizing the reconciliation process, highlighting any discrepancies or irregularities found.
  • Timeliness: We prioritize prompt reconciliation, ensuring that your credit card transactions are reconciled quickly and accurately.

Contact AFHBookkeeping for Credit Card Reconciliation Services

Ensure accurate financial records and identify discrepancies with our professional credit card reconciliation services. Contact AFHBookkeeping today to discuss your reconciliation needs and schedule a consultation. Our dedicated team will provide the expertise and support you require.

Call us at +1 518-577-3775 or email us at to get started.