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.
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.
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 reconciliation platform across multiple sites, banks and bank accounts. Improve Treasury visibility on business cashflow.
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.
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.