The Bank Reconciliation module is the collection and reporting facility for all cash assets. Multiple accounts are maintained simultaneously to create a Virtual Checkbook or Bank Book. Checks written from Accounts Payable or Payroll are posted to this module in an un-cleared status, as are cash receipts from Accounts Receivable.
Within this module, funds can be transferred from one account to another, creating a record of on-line transactions. With one stroke, checks that have cleared the bank are recorded, creating an accurate Bank Reconciliation report in minutes instead of hours. Current balances for all accounts are reported for review on a single screen.
Bank Reconciliation Benefits
Select sample screens and reports in left column. View Process Flow Diagram.