Us Industry Construction Corp. Finance Distribution Engineering Food Service Manufacturing Prof. Billing Property Mgmt. Adjustments that appear on the Bank Statement such as interest or debt charges can also be posted through this module and a reconciliation report produced that is compared to the General Ledger.
Differences are immediately apparent and can be corrected.
Accounting work is simplified by the use of many helpful features found in Bank Reconciliation and often the reconciliation chore can be greatly reduced in time. Post Cash Deposits when Accounts Receivable has not been installed, for accurate control and audit purposes. If a cheque is written or deposit made, Bank Reconciliation will automatically be aware and ready to assist when the cheques and statements are received. Balance to the General Ledger upon completion of the reconciliation process so that differences can be dealt with as soon as possible. Control Outstanding Cheques and Deposits easily with concise exception reports that let managers concentrate on unusual situations without sifting through endless detail.