Bank & Account Reconciliation Services in UAE
ccurate Reconciliations for Financial Control & Compliance
Bank and account reconciliation is a critical process that ensures your financial records accurately reflect your actual financial position. Without regular reconciliation, businesses face risks such as errors, duplicate transactions, unrecorded payments, and even potential fraud.
At Sokrab, we provide structured and reliable bank and account reconciliation services in the UAE, helping businesses maintain clean, verified, and audit-ready financial records.
What Is Bank Reconciliation?
Bank reconciliation is the process of matching your company’s accounting records with your bank statements to identify:
- Unrecorded transactions
- Bank charges and interest
- Outstanding cheques
- Direct deposits
- Timing differences
- Errors or discrepancies
Regular reconciliation ensures that your reported cash balance is accurate and verifiable.
Our Reconciliation Services Include
1. Bank Reconciliation
- Monthly or periodic reconciliation of all bank accounts
- Identification and resolution of discrepancies
- Posting of necessary adjustment entries
- Verification of unusual or unauthorized transactions
2. Supplier & Customer Reconciliation
- Reconciliation of supplier statements (SOA)
- Customer balance confirmations
- Identification of missing invoices or payments
- Clearing of long-outstanding balances
3. Intercompany Reconciliation
- Matching intercompany balances
- Resolving mismatches between group entities
- Ensuring accurate consolidation support
4. General Ledger Review
- Review of account balances
- Adjustment of incorrect postings
- Clearing suspense accounts
- Verification of control accounts
Our Bookkeeping Services:
Why Regular Reconciliation Is Essential
Proper reconciliation supports:
- Accurate financial reporting
- Strong internal control systems
- Fraud risk reduction
- VAT and Corporate Tax compliance
- Smooth external audits
- Reliable cash flow monitoring
Failure to reconcile accounts regularly can result in financial misstatements and operational risks.
Our Structured Approach
At Sokrab, reconciliation is not a routine checklist, it is a controlled process:
- Obtain official statements and accounting reports
- Perform detailed comparison and variance analysis
- Investigate discrepancies
- Prepare adjustment entries
- Provide reconciliation summary reports
All reconciliations are documented and maintained for audit and compliance purposes.
Strengthen Your Financial Control
Reliable reconciliation ensures that your financial statements reflect reality, not assumptions.
At Sokrab, we help businesses in the UAE maintain financial clarity, reduce risk, and strengthen internal control through professional bank and account reconciliation services.
Contact us today to ensure your accounts are accurate, verified, and fully reconciled.
