Bank and Credit Card Reconciliation in Orem, UT
Every line on the statement matched to what it paid, including the separate bills an Orem business can owe the city.
- Based in West Jordan, UT
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Inkdrop Bookkeeping offers bank and credit card reconciliation to Orem businesses. Inkdrop is based in West Jordan and is available to Orem businesses remotely: statements can be sent by email, and questions go by phone or email.
Reconciliation compares what your books say happened in each bank and card account with the statement for the same month. Each difference gets an explanation or a correction. An account is marked reconciled only when nothing is left unexplained.
Several City of Orem payments on one statement
The City of Orem's Pay Bills page lists separate payments for utility bills, UTOPIA bills, business license renewal, lighting district, false alarm, pretreatment and miscellaneous bills. Several of those links lead to the same city payment page. A business in Orem may pay more than one of them in the same month.
Knowing a payment went to the city does not say which bill it paid. Booking city payments by payee alone is how a utility payment ends up recorded as a license renewal, or how a missed bill hides behind another city payment. Match each one to its own bill by amount and date, and keep the bill with the books.
When a tenant pays the Orem utility bill
Orem has the city utility account for a rental property put in the owner's name, and a tenant can still pay the bill, autopay included. The city says the owner remains responsible for making sure payments are made.
A payment the tenant makes directly to the city does not appear on the owner's bank statement. So for a rental owner, the statement alone cannot show that the utility bill was covered that month, and the books need a note of how each month was paid.
What reconciliation for an Orem business covers
Every account, every month
Each business bank and credit card account checked against its statement for the period.
City payments checked
Payments to the City of Orem checked against the statement, with your city bills used to explain each one.
Missing and duplicate entries
Lines on the statement but not in the books, or in the books twice, found and corrected from your records.
Uncleared items listed
Checks and payments recorded but not yet cleared, listed so they explain the gap rather than hide it.
Questions saved up
Anything only you can answer is collected and asked together, by phone or email.
A closed month
Each account finished for the month with any remaining difference explained.
More on the service itself: bank and credit card reconciliation.
How to check a reconciliation yourself
Ask for the reconciliation report for one account and one month. The statement's ending balance should be on it, along with the items that have not cleared yet. If uncleared items keep carrying forward, ask why each one is still outstanding and what record supports it.
Then pick two or three City of Orem payments from the statement and ask which bill each one paid. A clear answer means the city payments are being matched, not lumped together.
Who does bank reconciliation for businesses in Orem, UT?
Inkdrop Bookkeeping, Cara Strong's business in West Jordan, Utah, offers bank and credit card reconciliation and is available to Orem businesses remotely by phone and email. When you compare bookkeepers, ask how they match payments that share a payee and how they record items that have not cleared. Call (801) 448-3672 or email [email protected].
Bank and Credit Card Reconciliation in Orem: FAQs
Can an Orem business get its accounts reconciled without meeting in person?
Yes. Inkdrop is available to Orem businesses by phone and email, and statements can be sent by email.
Which City of Orem bills can show up on a business statement?
The city's Pay Bills page lists utility, UTOPIA, business license renewal, lighting district, false alarm, pretreatment, cemetery, ambulance and miscellaneous bills. Which ones apply depends on your property and the city services you use.
My tenant pays the Orem utility bill. Does that affect my books?
A payment your tenant makes directly to the city will not show on your statement. Orem says the property owner remains responsible for making sure the bill is paid, so keep a record of how each month was covered.
What does reconciliation for an Orem business cost?
No price is published for reconciliation. After a free call with Cara, Inkdrop quotes based on how many accounts and transactions there are.
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Where to Next
Keep reading, or get in touch and tell Cara where your books stand.