Reconciliation is an accounting process that uses two sets of records to ensure figures are correct and in agreement. It confirms whether the money leaving an account matches the amount that’s been spent, and making sure the two are balanced at the end of the recording period. The purpose of reconciliation is to provide consistency and accuracy in financial accounts.
Financial statement analysis is the process of analyzing a company’s financial statements for decision-making purposes and to understand the overall health of an organization.
Silicon Valley Accounting Solutions performs thorough account reconciliations along with a review, analysis, and explanation of our client’s financial statements for their budgeting and planning purposes.