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How Account Reconciliation Professionals Can Help You

Accounts Reconciliation is when you compare transactions you have manually recorded against a statement from a financial institution, such as a bank, to ensure that the account records are identical. In order to ensure the accuracy of the financial records, reconciliations should be conducted on all balance sheet accounts regularly. A robust reconciliation process allows you to confidently publish your financial reports without fear of discrepancies and is helpful in maintaining a heathy bank account.

Freelance accountants expertly navigate the reconciliation process to eliminate any accounting errors. Some surprises are best not happening at all, especially when it comes to money. Therefore, reconciling your account keeps those nasty surprises at bay. Automatic debit orders from your bank account can easily be tracked through account reconciliation. This process assists with identifying bank charges and may protect you from over-drafting your bank account. Reconciling your financial accounts mitigates any errors that a financial institute may have committed and can flag whether any fraudulent withdrawals have been made. Freelancers with accounting expertise are readily available on Guru.

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Milestones are like checkpoints you create to ensure you're happy with the work every step of the way. Build as many milestones into your job as you want — set a due date for each milestone and the amount to be paid.

Pay by Task

Pay for a single completed task, however big or small. Create and assign tasks for work as needed, and generate invoices from each task once they are completed.

Pay by the Hour

Track progress with ease and confidently pay freelancers by the hour. Use our TimeTracker software to see in the moment updates of work being done. Hiring multiple freelancers for your job? Stay organized with a breakdown of each freelancer's hourly rate and time tracked.

Pay Using Recurring Payments

Easily pay your go-to freelancers on an ongoing basis. Set up to four recurring payment rules for any given job — pay every week, every other week, every month, or every quarter. Stop or Resume payments at any point with just a click of a button.

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