bank reconciliation software

Our technical and design teams here at Cashbook have been working on a complete, ground up redesign of the user experience and user interface for Cashbook for nearly a year. We’re delighted to announce that the new interface is now available with the latest release of the V6 platform. We ...

Cash is the lifeblood of any business, if cash dries up then a company will eventually die. Bank reconciliations (bank rec) are hugely important in maintaining internal control along with a steady and consistent cash flow. Cash flow is separate from cash position, as having cash on hand is important ...

As we know, a successful bank reconciliation (bank rec) is very hard to achieve for any company. Especially when the bank rec is done manually, there are multiple challenges and roadblocks that stand in the way of a successful completion. Bank recs are a very useful financial control tool, which ...

What is Bank Reconciliation? A bank reconciliation (bank rec) is where a company completes a comparison of the cash balances on their general ledger (GL) against their current bank statement information. Any differences in amounts need to be accounted for, and when the two sides are evenly matched the accounts ...

What is a QR code? The use of QR codes in Cash Automation is an interesting development. A QR code is a type of matrix barcode. QR codes can store information in both horizontal and vertical directions. This allows them to potentially hold a huge amount of information. QR codes ...

This article will explain in basic terms what Robotic Process Automation (RPA) technology is, and its role in the accounting industry. We will see how RPA has advanced to streamline current accounting processes, and what to expect from RPA technology in the future. What is Robotic Process Automation? When people ...

As the years go by, there are frequent new developments in technology. These developments are typically for the better. They lead to further simplification of our daily lives, but more importantly make our jobs less complex in the world of business. These developments in technology along with human innovation, eventually ...

The bank reconciliation process is essential to having a clear understanding of business performance and to facilitate efficient business planning.  However, many large organisations still conduct bank reconciliation processes manually, which ensues a long, frustrating, labour intensive process. With manual bank reconciliation comes a high propensity for human error too. ...