A report that will not go out until your books tie to the cent

The check every month must pass

• Every transaction in the month must account for the change in each balance your accounting system reports for bank, card, receivable and payable accounts
• Bank and card accounts: zero tolerance — any difference holds the report
• An account on your balance sheet we cannot identify always holds the report: we cannot verify what we cannot identify
• A month with no transactions, or data pulled before the month ended, is held rather than reported as a quiet month

Tied to the bank’s own statement

Where the bank-statement check is switched on — and always on the plan that runs on uploads — each bank and card account is also tied to the bank’s own statement. Your book balance, less the items you list as not yet on the statement, must equal the statement’s closing balance to the cent. Next month, every item you listed must reach the bank. An entry that never clears is exactly where a mistaken or invented entry hides.

Honest about scope

The report says exactly which accounts were tied. Accounts we cannot independently verify — fixed assets, equity, anything the accounting system posts internally — are shown as your accounting system states them, and labelled that way. The claim is never wider than the check.