Most people balance their checkbook at the end of the month so they can compare the bank’s records to their own. For a business it is even more important to watch the bank. Banks are not infallible and often charge erroneous fees to their clients.  This is not done maliciously, it is just that they have thousands and thousands of transactions that go through their systems each day and mistakes tend to happen.

Also, not all employees cash their check immediately, so your bank may report having plenty of money in the account when in all actuality there have been more checks written out than can be cashed.

Plum Accounting makes sure you know where you are really at with the bank. We reconcile our records with the bank constantly to give you up to date information about not only how much money you have in the bank, but how many checks have been written on the account that have not come through yet. We also work with your bank to make sure you do not get charged erroneous fees.