Company Audit
All bank accounts will be wrong for several quite simple reasons.
Banks take four or five days to clear payments paid into your account, but this is incorrect. All Banks have agreed that payments should clear in 3 working day NOT four or five. The result of this is that clients are being charged an extra day or two of debit interest if they are overdrawn.
Even worse, if a client has exceeded their overdraft limit, they will also be charged penalty interest at a greater rate and again they will be charged not for three days but for four or five, compounding the mistake above.
In many cases, the Bank charges themselves are incorrect due to human error or systems error and this has a detrimental effect on the account balance and once again adversely affects the rate of interest the client is either paying or receiving.
All the mistakes above have a DAILY IMPACT on the account balances so every day the mistake is getting worse.
Finally, all the time the account balance is wrong, our specialist has software with the in-built facility to calculate the correct balance and it charges the Bank interest on the money that SHOULD have been in the your account but wasn't because their figures were wrong, compounding the discrepancies still further.
So, as you can see, due to this simple error on the Banks part 99.9% of all business accounts are incorrectly managed by the Banks themselves resulting in an 'overcharge'.
Three separate specialists will process your account information in isolation from each other. All three audits must arrive at the same calculation with regards to the error. This not only gives us an assured quality control but also gives you a TRIPLE GUARANTEE that the audit is accurate.
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