Bank Reconciliation Fact Sheet
Overview
Bank Reconciliation (BR) sets up the bank accounts that are reconciled for each ledger account. BR will import all the statements for each bank account for all business units in one process.
What customers find useful in Bank Reconciliation
The Bank Reconciliation features that customers find useful include:
- Automatic importing and reconciliations for unlimited accounts in unlimited business units.
- Importing all a banks statements for all accounts in a single process.
- Multi currency reconciliations.
- User designed matching rules.
- Audit trail of each match made.
- Prevents processing duplicate statements.
- Daily bank reconciliations become possible and soon the standard way.
ROI
Qualitative
- BR done daily and reporting of all unmatched items.
- Storing of all audit trail of matches.
- Control over the data is complete as the BR is not performed in a spreadsheet.
Quantitative
- Number of hours saved per week.
- Average staff cost per hour
- Total saving per week
Users interested in Bank Reconciliation are also interested in
If you are interested in Bank Reconciliation efficiencies you could also be interested in:
