Bank reconciliations are easily one of the most important processes in maintaining a check and balance on your restaurant's overall health. Reconciliations ensure accuracy in your financial statements and can reveal the need for additional training and education within your team. Most importantly, however, is that bank reconciliations can prevent major theft issues... are you ahead of the game by consistently reconciling your restaurant's bank accounts?
Quick Doctor In Kuwait +2773`7758`557 Kuwait Doha Qatar Dubai Abu Dhabi Sharj...
Restaurant Profitability 101: Bank Reconciliations
1. RSI BANK
RECONCILIATION
DO I UNDERSTAND WHAT A BANK
RECONCILIATION (BANK REC) IS?
YES NO
Do I WANT to know what a
bank reconciliation is?
Is my bank reconciliation process tied
to my financial statements?
YES NO YES NO
Maybe
operating a
restaurant isn’t
for me
YES
NO
Am I able to capitalize on those areas
of opportunity to improve the accuracy
of my financial statements?
YES
NO
YES NO
Would I benefit from a team to perform
bank recs to aid the overall security and
performance of my financial operations?
YES NO
CONGRATS!
$$$ IN THE
BANK!!
If I were able to isolate opportunities
to improve my financial record-keeping
performance, do I think this would
contribute to improving my bottom line?
www.restaurantaccountingservices.com
RSI's Bank Reconciliation Team is committed to providing our
clients with accurate financial information to aid in the overall
security and performance of their financial operations. We
consider it our mission to provide our clients with bank
reconciliation information in a timely, accurate, and user-
friendly manner.
Can I currently identify any
transactions that are not posted
or posted improperly in my
accounting system?
I got it! I need RSI’s Bank Rec
Team to ensure that funds reported
in my books are consistent with the
amount shown in the banks’ records,
helping me to properly manage my
cash!
Neither accurate financials nor
financial security are important to
me… I prefer to live life on the wild
side when it comes to my business.