Bank Reconciliation Services in Dubai

A bank reconciliation statement is a document that helps to compare the cash balance on a company’s balance sheet to the corresponding amount on its bank statement. Reconciling the two accounts for a business helps to identify whether accounting changes are needed. Bank reconciliations are completed at regular intervals to ensure that the company’s cash records are correct. They also help detect fraud and any cash manipulation.

When does a business need a specialized account team?
When banks send companies a bank statement that contains the company’s beginning cash balance, transactions during the period, and ending cash balance, the bank’s ending cash balance and the company’s ending cash balance are almost always different. FBC is offering a specialized team to outsource for any business to handle the bank reconciliation to reduce the amount of work and adjustments required and to enable real-time updates.

Bank reconciliation is a long and complicated procedure. This procedure is going to save lots of time and resources for various activities, including service charges, outstanding checks, deposits in transit, NFS checks, etc. This complicated procedure requires skills and expertise from a team to reconcile your financial statement and bank accounts.

Different businesses have different levels of reconciliation and, based on that, work needs to be planned to optimize the time and cost. This is going to cost more if there is a full-time team handling it. Why think twice when an outsourcing team can take all these responsibilities with expert advice?

Contact FBC to obtain professional bank reconciliation services at the best price in the UAE. FBC provides a skilled professional team who will be handling your accounts to make sure all your data is accurate.