ERP Solutions | Bank Reconciliation

The features in this module include:

• Automatic retrieval of Accounts Receivable deposits
• Automatic retrieval of Accounts Payable outstanding checks
• User indicates check and deposit items included in reconciliation
• Ability to account for automatic deposits, payments, and fees
• General Ledger journals created for unrecorded items and user-defined items (such as bank transfers, automatic payments, miscellaneous fees)
• General Ledger journals created for recorded differences (generally items booked in error which need to be reversed to a holding account for further analysis)
• New ending bank balance calculated and compared to General Ledger bank account
• Reconciliation history with comments provided
• Likely cause of error look up