Bank Reconciliation Package (B/R) is to provide companies with the ability to accurately track and balance all cash activity on a daily, if not up-to-the-minute, basis. This package is designed to work with, or in lieu of, the   Accounts Receivable, Accounts Payable, Payroll Processing, Gas Billing and General Ledger modules.

The Bank Reconciliation package provides a complete set of bank reconciliation functions, is easy to use, and ensures the user visibility and control of cash account management. Functions are selected by using the convenient pull-down menus and highlight bar. All data, including daily transactions, is entered through straightforward responses to screen display prompting.

Bank Reconciliation contains a Transaction Entry function to accommodate both miscellaneous cash transactions that are not recorded in any of the other  modules, and transactions that affect cash in the absence of the other modules.

Transactions that originate in Bank Reconciliation are automatically posted to General Ledger. Transactions that are integrated into Bank Rec from the other modules are posted directly to the Bank Reconciliation master files with no need for an intermediary posting from a transaction file.

All transactions, deposits, reconciliations, transfers, void and stop payment actions, are kept indefinitely in history files for immediate access at any point in time. The inquiry screens also allow drill down to original source documents (and any of their supporting documents) in the other modules.

A ‘Summarize Cleared Transactions’ function allows users to periodically remove details from the main inquiry screen by automatically creating balance forward records from which the users may still drill down to original details.

Summary of Features and Benefits: