Monthly is the bare minimum. Weekly is better. The right frequency for your business depends on how many transactions you process and how much you rely on your financial reports to make decisions.

Reconciliation means matching every transaction in your accounting software against your bank and credit card statements to confirm they agree. It catches duplicate entries, missed transactions, incorrect amounts, and unauthorized charges. When your books are reconciled, your profit and loss statement and balance sheet actually reflect reality. When they’re not, you’re looking at numbers that might be wrong in ways you can’t see.

Most small businesses should aim for weekly reconciliation. When you review transactions every week, you still remember what that $312 charge was for. You notice when a vendor double-billed you. You catch a personal purchase that accidentally hit the business card. Wait a month and those details fade. Wait a quarter and you’re guessing. Guessing leads to misclassified expenses, and misclassified expenses lead to unreliable reports and tax return headaches.

If your business handles a high volume of daily transactions, like a restaurant or retail shop, weekly is especially important. Dozens of transactions per day add up fast, and letting them pile for 30 days turns reconciliation into an overwhelming project instead of a manageable routine. For businesses with fewer transactions, like a consultant processing ten or fifteen charges a month, monthly reconciliation can work fine as long as you actually do it every month without exception.

The biggest problem isn’t choosing the wrong frequency. It’s skipping it entirely. One missed month turns into three, then six, and suddenly you’re facing a catch-up bookkeeping project to get everything back in order. Reconciling regularly is what keeps small problems from becoming expensive ones.

Build the habit around your schedule. Pick a day each week or a specific date each month and treat it like any other recurring task in your business. If you use QuickBooks Online, the bank feed makes this easier because transactions are already imported and waiting for you to review and match them.

If you don’t have time to reconcile regularly, that’s a sign you need help. Working with a bookkeeper in Long Beach who handles reconciliation on a consistent schedule means your books stay current without you having to carve out the time yourself. The goal is accurate numbers available when you need them, whether that’s for a business decision today or for your accountant at tax time.