Expandable ERP | Bank Reconciliation

Bank Reconciliation

Expandable BANK RECONCILIATION ensures financial reports are accurate and up-to-date by managing all bank-related information, including payments, deposits, credit card transactions and bank fees. Information from bank statements is entered and reconciled to the corresponding cash General Ledger account. Bank Reconciliation displays all un-reconciled items and gives users the option of resolving them immediately or exiting the program to finish later. When the “Finish Later” feature is chosen, all items that had been reconciled will be identified so changes will not have to be re-entered when the user returns to the Bank Reconciliation function. When reconciliation is complete, a detail report of all activity is printed.