Every small business owner appreciates points earned on their credit cards. But when it comes to credit card reconciliation and reviewing the transactions every month, it can be a real headache. You need a bookkeeping solution that can perform credit card reconciliation for you.

Credit Card Reconciliation

For most SMB owners, they are already struggling with understanding how this process works, and if you outsource your bookkeeping, you know that your bookkeeping service will contact you and ask, “what is this charge for?.” No matter how you look at it, this gets to be cumbersome. At Expex, we’ve examined this process and view it as a great opportunity to “fix” the problem by bringing some artificial intelligence to the party. A well thought out workflow coupled with our virtual bookkeeper, Carly, creates a tool that will perform credit card reconciliations for you.

Why is credit card reconciliation such a problem for so many of us?

Part of the problem with reconciling any account is that it happens once a month. At Expex, we think this should be performed on a daily basis. In addition, we created Carly to learn from your input and determine where expenses should be booked. Most credit cards are used for repetitive transactions. As a result, Carly can learn what these transactions are and automatically book them to the proper expense account. For the ones she doesn’t recognize, she can send you a smart alert asking for the location where a transaction needs to be booked. You click on the proper expense account, and Carly will learn this transaction for the next time you incur the expense.

I want to meet Carly!

The real beauty in all this is that Carly gets smarter the more you collaborate with her so that you get fewer alerts and time for things that are more important like growing your business.

Request a demo and see how seamless and easy your credit card reconciliation can be!

Automated bookkeeping will help your business grow. If you need help with your company’s finances, reach out to Expex in Latham, NY. Their accounting software will streamline your financial management process. From automatic bill payments to mobile alerts, you’ll able to handle your finances with ease. For more information on their services, visit their website, or call them at (518) 389-2305.