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Unreviewed bank feeds lead to duplicate entries, misplaced expenses, and unreliable financial statements. At OBG Outsourcing Private Limited, we manage, review, and reconcile your daily bank feed transactions across major cloud platforms, ensuring your general ledger stays clean, accurate, and audit-ready.
Why Outsource Your Bank Feed Review to OBG?
Automated bank feeds bring transactions into accounting software, but software alone doesn't know how to categorize complex items or flag duplicates. Our specialized offshore bookkeeping team acts as your quality checkpoint.
100% Categorization Accuracy: We assign correct chart of accounts (COA) codes based on your customized tax and accounting rules.
Duplicate Elimination: Automated rules frequently duplicate entries (e.g., matching a feed line to an already posted invoice/check). We catch and merge these before month-end.
Scalable Throughput: Whether managing 50 or 50,000 transactions a month, OBG scales up to match your workload without adding overhead.
Multi-Platform Mastery: Fluent in QuickBooks Online/Desktop, Xero, NetSuite, Sage, and Wave.
What Our Bank Feed Review Service Covers
| Focus Area | What We Do |
|---|---|
| Daily Feed Monitoring | Accept and process incoming feed lines across all connected bank, credit card, and merchant accounts. |
| Transaction Matching | Match bank feed deposits and payments to existing open invoices, bills, and purchase orders. |
| Rules & Automation Setup | Build and refine smart bank rules in software to streamline recurring transactions while preventing misclassifications. |
| Uncleared Line Resolution | Investigate unmatched deposits, pending transfers, chargebacks, and missing receipt items. |
| Sales & Merchant Clearing | Reconcile complex merchant settlement feeds (Stripe, PayPal, Shopify, Square) against actual net payouts. |
The OBG Quality Guarantee: We don't just "click accept." Every transaction processed by our team is cross-checked against supporting documentation or past posting history to ensure tax and GAAP compliance.
How It Works
1.System & Rule Setup:Phase 1.
You grant standard/read-only or user access to your accounting platform. We review your Chart of Accounts, existing bank rules, and past categorization preferences.
2.Daily / Weekly Feed Processing:Phase 2.
Our team reviews incoming bank lines, matching open items, applying correct rules, and categorizing unmatched transactions.
3.Query & Outlier Flagging:Phase 3.
Unclear or missing items are compiled into an organized query sheet (via Excel or your task management tool) for quick client clarification.
4.Month-End Reconciliation:Phase 4.
Once feed items are cleared, we tie out ending bank feed balances to official bank statements, ensuring zero variance.
Software We Use
