Bank & Credit Card Reconciliation

Each bank and credit card account scoped will be reconciled monthly

Each bank and credit card account scoped* will be reconciled monthly, based on statements:

• Provided by the partner 

• Fetched via Smart Connect**, or by granting access to another statement fetching service; or 

• Manually uploaded to the portal by the client or the partner  

The scoping tool will notify if the financial institution is supported by Smart Connect 

Accounts Not Included for reconciliation:

• Investment Accounts
• Foreign Exchange Accounts; including associated gain & loss accounts
• Balance sheet accounts
• Merchant Accounts
  • Unless they are setup as bank accounts and do not require sales entries to be made; for example:
    • Paypal
      • Is included to be reconciled if it is setup as a bank account where transactions are categorized directly into a revenue or expense account
      • Is not included to be reconciled if booking and tying out to a sales entry or journal entry is required; this service offering is available to be scoped and is part of the Advanced package

The following Tasks will be assigned in the portal to the Bank Statements point of contact listed for each client; where necessary

• Assistance with uncategorized transactions, as per Transaction Categorization protocol
• Reconnection of the GL bank feeds for any accounts that stop syncing and are not using autopush 
• Reconnection of Smart Connect for any accounts that are not syncing and are AutoPush eligible
• A task to upload statements, if accounts are disconnected

* Credit cards with parent and sub accounts require the sub account to be scoped if you want Botkeeper to manage the sub accounts

**The scoping tool will notify if the financial institution is supported by Smart Connect