Cash to GL Reconciliation

This Cashbook module allows companies to reconcile Cashbook journal entry data with specific general ledger codes or segments.

In simplest terms it is a reconciliation between Cashbook and your General Ledger. Data is generated on the cash side of the reconciliation by downloading data from the appropriate accounts receivable and accounts payable subledgers or from posting journals through Cashbook. This information is compared directly to specific general ledger accounts and auto-matching is completed.

The Cash to GL Reconciliation module has a powerful matching engine that allows users to automate the process of reconciling transactions. This matching process is based upon rules defined by your Finance department.

The module can be used as a generic reconciliation tool for all financial data such as three way matches.

This module can be implemented with bank reconciliation as a final financial reconciliation.

Features

Auto-reconciliation of Cash to GL items.
Manual Cash to GL reconciliation for unmatched items.
Cash to GL Reconciliation can be performed on a daily, weekly, monthly or other periodic term.
Un-presented items can be rolled-over at period end into future reconciliations.
Search and sort functionality in reconciling data from the GL or cash sides of the reconciliation.

Matched transactions can be reviewed and reversed should incorrect references be chosen.
Reconciliations can be created for multiple banks, companies and environments.
Tolerances and write-offs available.
Auto-matching rules based upon numerous different reference information
Multi-currency, multi-site solution that can be deployed on multiple environments and ERP’s.

Benefits

Financial Control
Huge time and cost savings as all relevant cash/gl data is reconciled through one central reliable tool.
Scalable solution that has been employed globally for $4 billion dollar company to reconcile 80 different bank accounts
Global companies can employ a global solution for all sites across multiple different banks.
Cash & GL balances are stored enabling Cashbook to provide global treasury position on Corporate Cash.
Automated processing of data reduces manual entry and consequently reduces the possibility of fraud and increases financial control.

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