RECONCILIATION
Every figure, accounted for.
Monthly and quarterly bank reconciliation, balance sheet reconciliation and intercompany reconciliation — ensuring your financial records always match your bank statements.
Bank Reconciliation
Monthly matching of every transaction in your accounting ledger against your bank statements — identifying timing differences, uncleared items and unexplained discrepancies.
Balance Sheet Reconciliation
Full reconciliation of every balance sheet account — fixed assets, prepayments, deposits, accruals and provisions — ensuring your balance sheet reflects economic reality at every reporting date.
Intercompany Reconciliation
For businesses with multiple entities, we reconcile intercompany balances and transactions — eliminating mismatches before they cause issues at consolidation or audit.
Reconciliation Reporting
Clear reconciliation summaries identifying all open items, their ageing and the action required — so nothing slips through the cracks at month end or quarter end.
Systematic, thorough, every month.
Statement Collection
We collect bank statements, credit card statements and intercompany schedules at month end — setting up automated feeds where available to eliminate manual submission.
Transaction Matching
Every transaction in the ledger is matched to the bank statement. Automated matching handles the bulk; exceptions are reviewed and cleared manually by our team.
Exception Resolution
Unmatched items are investigated, explained and resolved — whether timing differences, bank charges, direct debits or errors — before the month-end close is finalised.
Signed-Off Reconciliation
A completed reconciliation pack — bank rec, balance sheet recs and intercompany schedules — is delivered with your monthly management accounts for your review and sign-off.
Questions about reconciliation services.
At a minimum, monthly — aligned with the month-end close cycle. High-volume businesses or those with VAT filing obligations benefit from weekly bank reconciliation to catch errors early. Gulf Oasis offers both monthly and weekly reconciliation services depending on your transaction volume and reporting requirements.
We escalate immediately to your management with a full description of the discrepancy, the amount and the date. We do not close a reconciliation period with unexplained items. If fraud is suspected, we assist in documenting the issue for your legal and compliance team.
Yes. We manage reconciliation across multiple bank accounts at different institutions — Emirates NBD, ADCB, FAB, Mashreq, RAKBANK and international banks — within a single consolidated monthly pack.
Yes. The FTA expects that VAT returns can be reconciled to the general ledger and underlying accounting records. During an FTA audit, reconciliation workings are among the first documents requested. Gulf Oasis maintains full reconciliation documentation throughout the year so you are always audit-ready.
Books that always add up.
Rigorous monthly reconciliation — every account, every period, every time.