The case for weekly
The work is the same volume either way, spread differently. What changes is detection time. A duplicate payment caught within days can often be recovered; caught six weeks later it frequently cannot.
What reconciliation actually proves
It proves every transaction in the bank is in the books and vice versa. It does not prove the transactions were correctly categorised, correctly authorised, or legitimate. Those need separate review, and treating reconciliation as sufficient is a common gap.
Items that linger
- Uncleared cheques older than a few months, which may need voiding and reissuing.
- Deposits in transit that never arrived.
- Recurring small differences, which usually indicate a fee or interest posting nobody has set up a rule for.
Anything outstanding for more than two cycles should be investigated rather than carried forward again.
Automation helps and does not finish the job
Bank feeds and matching rules remove most of the manual effort. They also create a risk of accepting suggested matches without checking, which produces a reconciled account full of miscategorised transactions. The review still matters.
TallyWise provides this as part of our bookkeeping services. Book a call to talk through your situation.
