Bank Account Reconciliation Automation Software

Automate up to 95% of bank reconciliations

Automate reconciliations between bank statements and general ledger data. Cashbook’s sophisticated matching rules fully automate bank and credit card statements. Auto-create general ledger entries and use tolerance based write-offs. One central, reliable, trusted software platform powering bank reconciliation automation.

About

The Cashbook Bank Reconciliation software module allows for reconciliation between your ERP system and your bank account. It enables companies to reconcile bank account transactions from their general ledger control account with ERP data that has hit their bank account. All relevant banking data is reconciled through one central reliable tool. Quick, easy, affordable.

  • Data from your general ledger files is compared directly to your bank statements and auto-matching takes place.
  • Our Bank Reconciliation automation software module has a powerful matching engine which is based upon rules defined by your finance department.
  • Allows users to automate the process of reconciling transactions with one of the very best software tools for bank account reconciliation on the market.

Features
A Global Solution

Multi-bank, multi-ERP, multi-site, multi-currency

Cashbook’s automated bank reconciliation software provides a multi-currency, multi-site solution that can be deployed across multiple environments and ERP systems. Such integration brings huge efficiencies and massive cost savings as your company can now employ a single payments platform across multiple sites and banks.

Intelligence & Automation

An unprecedented level of flexibility, intelligence and automation

Our bank account reconciliation software auto-reconciles General Ledger and Bank Statement items. It’s statement-only functionality allows automatic generation of journals in Cashbook for bank charges, interest, etc. Unpresented cheques and unpresented lodgements enable unreconciled items to be rolled-over at period end into future reconciliations. Unreconciled items and amounts are totalled and displayed through the software.

Financial Control

Full, real time visibility and a complete audit trail

Bank Reconciliation can be performed on a daily, weekly, monthly or other periodic term. The Cashbook reconciliation module contains ‘search’ and ‘sort’ functionality to reconcile data from the bank or the cash sides of the reconciliation. Matched transactions can be reviewed and reversed should incorrect references be chosen. Tolerances and write-offs are available. Over 8 different reports exist for audit purposes. Audit trails of date and time and journal actions are also displayed via the bank reconciliation software module.

Featured Industries
Selected industries that use our cash automation software.
DOWNLOADS

Datasheet

Expect your ERP and bank accounts to reconcile themselves.

Article

Explore the 3 key challenges of Bank Reconciliation

eGuide

How BPCS users are automating 95% of cash management
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