Bookkeeping
Bank and credit card reconciliation
Bank and card reconciliation for a Saudi company: every account, from an Al Rajhi or Riyad Bank trading account to a mada settlement feed, gets matched to its own statement inside Zoho Books, QuickBooks Online or Xero, so the ledger balance agrees with the bank and nothing sits unexplained when the month closes.
Bank reconciliation summary
Illustrative client · August 2026
SAR
| Account | Difference | Status | ||
|---|---|---|---|---|
| Operating account··4821 | 184,220.16 | 184,220.16 | 0.00 | Reconciled |
| Reserve account··0937 | 60,000.00 | 60,000.00 | 0.00 | Reconciled |
| Company card··1006 | (12,418.52) | (12,418.52) | 0.00 | Reconciled |
| Card processor clearing | 8,905.40 | 8,905.40 | 0.00 | Reconciled |
| Payroll clearing | 0.00 | 0.00 | 0.00 | Reconciled |
Last weekly runFri 28 Aug, every account agreed to its statement.
Two open itemsTwo card receipts requested from you, marked on the card account until they arrive.
Illustrative. An example of the document, not a client's figures.
The accounts we actually reconcile
A Saudi company rarely banks in one place. A trading account at Al Rajhi Bank or Saudi National Bank, a second account at Riyad Bank or Alinma for a specific project, and a mada or gateway settlement account for card sales are each reconciled against their own statement, not folded into one number that only roughly matches the main account.
When something does not tie out
A transfer, a card settlement or a gateway payout gets matched to the bank feed line by line. Anything that will not match cleanly gets investigated first, rather than posted on a guess that has to be unwound once the real answer turns up weeks later.
Payments that lag behind the sale
A mada refund posted days after the original sale, a gateway payout that settles a week after the transaction, or a cheque still sitting uncleared, all get tracked as open items rather than forced to balance on the day they happened. The reconciliation report names exactly what is still outstanding on each account.
What a reconciled feed unlocks at filing time
The VAT figures, and the Zakat base and taxable income split for a mixed-ownership company, all sit on top of a reconciled bank feed. When ZATCA or a SOCPA-licensed auditor asks how a number was reached, the reconciliation report answers in one document instead of sending someone back through several months of statements.
Accounts held outside riyals
A trading company settling supplier invoices from abroad, often a MISA-licensed subsidiary of a foreign parent, gets its dollar or euro accounts reconciled in their own currency first, then converted at the correct rate before rolling into a riyal-denominated report. Reconciliation runs as part of monthly bookkeeping for an ongoing client, and it is the first thing we rebuild inside a catch-up engagement.
Questions
Frequently asked questions: Bank and credit card reconciliation
Do you reconcile mada and gateway settlement accounts, not just bank accounts?
Yes, a settlement account for card or gateway sales gets reconciled to the underlying sales and fees, not just the net amount that lands in the bank.
What happens when the bank balance and the ledger disagree?
We trace the difference to a specific transaction, timing item or bank charge and note it on the reconciliation report rather than forcing the two to match.
Do you handle an account held outside Saudi riyals?
Yes, each foreign-currency account is reconciled in its own currency first, then converted at the correct rate for a consolidated riyal report.
Does this feed our Fatoora e-invoicing records?
Yes, matching a sale to its actual settlement is one of the checks we run against invoices already submitted through Fatoora.
How many accounts can you reconcile?
As many as the business uses. Every connected bank, card and payment-processor account is reconciled on the same schedule.
What happens when the bank balance and the books disagree?
We trace the difference to a specific transaction, timing item or bank fee and note it on the reconciliation report rather than forcing the numbers to match.
What if our records for bank and credit card reconciliation are not up to date?
If your records are behind, we scope a catch-up first so bank and credit card reconciliation starts from a clean, reconciled base. That catch-up is priced and timed separately from the ongoing engagement, so you always know what each part costs.
Who reviews the work before it reaches us?
Every deliverable under bank and credit card reconciliation is reviewed by a senior reviewer before it reaches you. You keep access to the underlying file at every stage, so nothing about the work happens somewhere you cannot see it.
Related services
- BookkeepingMonthly bookkeepingOngoing monthly bookkeeping: transactions sorted into categories, accounts reconciled and month-end reports delivered in the software you already use.
- BookkeepingCatch-up and cleanup bookkeepingMonths or years of books brought up to date and reconciled, with a written record of every adjustment, so monthly bookkeeping can start from a clean base.
Industries
- Ecommerce (Amazon and Shopify)Bookkeeping for online sellers on Amazon, Shopify, Etsy and their own storefronts, built around clean payout and sales tax data.
- HospitalityBookkeeping for hotels, short-term rentals and hospitality operators reconciling booking platform payouts and occupancy-driven revenue.
Next step
Talk to the team that would run your books
A short call covers your setup, your software and what a first month would look like. You get a written scope and price after it.