Credit Card Reconciliation

Credit card reconciliations verify the integrity of data between credit card statements—or other associated reports from merchant services providers—and a company’s internal financial records. This process begins with the comparison of transactions between credit card statements and the associated transactions within various accounts in a company’s chart of accounts. Our team will assist you to verify the validity of the transactions and find out the reasons of differences exist between the balances of company internal records and credit card statements.

Credit card reconciliation is an important accounting process that involves verifying and matching credit card transactions recorded in the company’s accounting system against the statements provided by the credit card issuer. This process ensures that all purchases, payments, fees, and refunds are accurately recorded and accounted for, helping to detect errors, discrepancies, or unauthorized charges. Effective credit card reconciliation supports accurate expense tracking, proper cash flow management, and compliance with internal controls and financial policies. By maintaining up-to-date and precise records, organizations can improve financial transparency, prevent fraud, and facilitate smooth month-end closing processes.