Our professional bookkeepers reconcile your bookkeeping files with your bank statements and accounts so you always have an accurate view of your company's money. By knowing exactly where your money is, you will reduce your company's risk of becoming a victim of bookkeeping fraud.

To Reduce Your Fraud Risk Through Bank Reconciliation:

• Always use a different individual for posting payments and receivables than the person who is responsible for catching discrepancies through reconciliations.
• Likewise, responsibility for reconciling the credit card should lie with a person without authority to utilize the credit card.
• In particular, manually calculate "merchant fees" on credit card deposits to ensure that withdrawals batched with the credit card deposits are reasonable merchant fees and are not hidden refunds to a third party not recorded on the books.

Using a professional bookkeeper through Turn Key Office allows you to easily complete the above suggestions and reduce your risk of fraud. Our bookkeepers provide an independent and outside review of your financial and bank reconciliations so you can be assured any discrepancies will be identified quickly and brought to the business owner for prompt review.