Bank Statement Reconciliation

Reconciling your bank statements with general ledger account balances is a snap with the Bank Statement Reconciliation module. Draw information from the Accounts Payable, Accounts Receivable, Payroll and General Ledger programs to complete the statement process more efficiently.

Through a simple, time-saving process, select the deposits and withdrawals that have cleared the bank. An ending balance is entered from the statement so a calculated comparison may be done.

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Features

  • Handles multiple check sequences via multiple bank accounts set up in the system with the same bank account number
  • Handles bank accounts posting to multiple general ledger cash accounts. This allows tracking multiple funds using a single bank account
  • Retrieves deposits from all cash accounts associated with the bank account
  • Helps balance your general ledger cash account to the checking account
  • Handy “Not Cleared” report
  • Deposit module added
  • Ability to consolidate payments from various sources