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Accounting & ReconciliationStatement vs Ledger Matching

Bank Reconciliation

Match your bank statement with accounting records to identify missing entries, duplicate transactions and unexplained differences.

Reconcile My Bank AccountsWhatsApp Contextual Enquiry

Who Needs Bank Reconciliation?

Businesses with high daily transaction volumes across multiple current accounts and payment gateways.
Companies preparing for statutory audit, tax audit, or investor due diligence.
Firms where the bank balance on the balance sheet does not match the bank statement closing balance.

Common Challenges Businesses Face

#1Payment gateway settlements (Razorpay, Stripe, Paytm) not reconciled against net bank deposits.
#2Unrecorded bank charges, interest debits, and ECS loan installments distorting profit figures.
#3Cheques issued but not presented by suppliers remaining in books indefinitely.
#4Discrepancies causing audit qualifications and income tax scrutiny notices.

What Our Service Includes

Extraction and line-by-line comparison of bank statements with ledger accounts.
Reconciliation of merchant payment gateway batches and gross vs net MDR fees.
Preparation of monthly or quarterly Bank Reconciliation Statement (BRS).
Summary report of pending uncleared cheques and unexplained debit/credit items.
Adjustment journal entries for verified bank charges, interest, and automated transfers.

Required Documents Checklist

Digital Scans Required

Reconciliation Records

Bank statements (PDF and Excel formats preferred) for all operative accounts
General ledger export of Bank Accounts from your accounting software
Merchant gateway settlement statements (for online businesses)
Cheque counterfoils or payment advice notes for uncleared items

Step-by-Step Execution Process

1

Statement & Ledger Ingestion

We load your bank statement and internal bank ledger into our reconciliation verification framework.

2

Automated & Manual Matching

Matches are established based on date, amount, reference number, and payee names.

3

Discrepancy Identification

Unmatched items are isolated into timing differences (uncleared cheques) and errors/omissions (unrecorded fees).

4

BRS Report & Corrective Entries

We produce the official BRS and propose necessary adjusting entries to bring ledger balances into true harmony.

Applicable Deadlines & Compliance Notice:

Recommended monthly. Year-end reconciliation is critical before finalizing March 31st financial statements.

Frequently Asked Questions

Why does my book balance differ from my bank statement?

Common reasons include cheques issued but not yet deposited by vendors, cheques deposited but still in clearing, bank charges debited directly by the bank, interest credits, and direct customer NEFT transfers not yet accounted for in books.

Can you reconcile payment gateway transactions?

Yes. We reconcile gross customer payments, gateway deduction fees (MDR), refund adjustments, and final net settlement deposits to your current account.

How often should bank reconciliation be performed?

For active businesses, monthly reconciliation is best practice. High-volume retail and e-commerce businesses often benefit from weekly reconciliation.

Transparent Pricing Approach

Fee Structure: Per Account / Volume-Based Fee

Structured based on monthly statement line items and number of bank/gateway accounts.

What We Include:
Line matching
BRS preparation
Adjusting journal recommendations
What is Excluded:
Investigating third-party banking fraud (requires legal/bank intervention)
Service Disclaimer: Reconciliations identify mathematical and recording differences. Verification of authenticity of bank statements remains the responsibility of the account holder.

Request a Quote for Bank Reconciliation

Submit your business details and requirements. Our desk will contact you with document guidelines and exact pricing.

+91

10-digit Indian mobile number

We never collect bank passwords, PINs, or Aadhaar OTPs through public forms.
Direct Call: +91 81038 19494

WhatsApp enquiry generates a prefilled message for your review. No automated transmission without your confirmation.

Quick Service Action

WhatsApp Contextual EnquiryCall: +91 81038 19494
Working Hours:9:30 AM – 6:30 PM IST
Service Location:New Delhi, India
Related Services
Day-to-Day AccountingDebtors & Creditors ReconciliationBalance Sheet & Financial Statements
Taxoras
Advisory & Compliance

Professional assistance, transparent pricing, organized documentation and responsive support — wherever your business operates in India.

Suite 402, Barakhamba Road, Connaught Place, New Delhi 110001, India
+91 81038 19494
contact@taxoras.online
Monday to Saturday: 9:30 AM – 6:30 PM IST

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Legal & Regulatory Notice: Taxoras Advisory & Compliance is a professional business accounting and compliance consultancy firm. We provide bookkeeping, data reconciliation, documentation assistance, and statutory compliance coordination. We do not claim government affiliation, nor do we promise zero tax, guaranteed tax savings, or penalty-free filings. All services are rendered strictly based on records provided and applicable Indian laws.

We do not promise zero penalties, guaranteed tax reductions, or unauthorized document certifications. All government portals (gst.gov.in, incometax.gov.in, udyamregistration.gov.in) are official Government of India properties.

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