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Bank Reconciliation
Bank Reconciliation simplifies your reconciliation process by accessing and extracting data directly from the general ledger accounts that are assigned to a particular cheque book. This minimizes human error and reduces the workload related to the month-end reconciliation process. Reconciling bank statements is fast and efficient with the flexibility to make adjustments as needed for full audit control.
Multiple accounts: Allows any general ledger account to be reconciled including support for multi-currency accounts.
Electronic bank statement: Allows you to process your bank reconciliation by importing information directly from your financial institution.
Cheques/cash receipts: Effective tools for clearing high and low volumes of payables or receivables transactions.
Flexibility: Provides maximum flexibility by allowing you to mark transactions as cleared in three different ways: by marking a 'Cleared' checkbox, by entering a document number, or by entering a range of document numbers.
Reports: Has the ability to give multiple types of reports such as cleared transactions, outstanding cheques, adjusting entries and many more.
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There's a real move in the industry to create a reporting mechanism that is tightly integrated across the entire system. Momentum is absolutely moving in that direction. -Ray Koop, CEO
Luther Home, Winnipeg, Manitoba
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