This will be a big time saver for our
business. In addition to the product
installed, we appreciate the continued
product support afterwards in working
through minor issues that cropped up.
Thanks again for your help.

Rene Stasiak, AR Controller,Atlas Copco
CMT USA - Customer since 2005

The Cashbook ‘Bank Reconciliation’ module allows for reconciliation between your ERP system
and your bank account. It enables companies to reconcile bank account transactions from your
general ledger control account with ERP data that has hit your bank account.

Data is read from your general ledger files. The data is then compared directly to your bank
statements and auto-matching takes place. The Bank Reconciliation module has a powerful
matching engine which is based upon rules defined by your finance department that allows users
to automate the process of reconciling transactions.

Features:

Auto-reconciliation of General Ledger and Bank statement items.
Manual Cash to Bank reconciliation for unmatched items.
Statement-only functionality which allows automatic generation of journals in Cashbook for
bank charges, interest etc.
Bank Reconciliation can be performed on a daily, weekly, monthly or other periodic term.
Un-presented checks and un-presented lodgements enable un-reconciled items to be
rolled-over at period end into future reconciliations.
Search and sort functionality in reconciling data from the bank 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.
Unreconciled items and amounts are totalled and displayed
Over 8 different reports exist for audit purposes
Audit trail of date and time and journal actions are displayed
Excel exports from multiple screens of configurable data.
Auto-matching rules based upon numerous different reference information.
Multi-currency, multi-site solution that can be deployed on multiple environments and ERPs.

Benefits:

Financial Control.
Huge time and cost savings as all relevant banking 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.
Reports generated that have enabled our customers to pass audits in 20 different
countries.
Global companies can employ a global solution for all sites across multiple different banks.
Cash, Bank and General Ledger 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.