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Every month you can count on receiving your cancelled checks and/or statement from your company’s bank, and you are required to sort your checks, account for you deposits, and reconcile your checking account balance to the bank’s balance. But often there is a discrepancy.
The Sage MAS 90 Bank Reconciliation module simplifies the monthly reconciliation process, detects unrecorded transactions between books and bank, locates the errors or differences, records the corrections and reconciles your books to the bank statement.
Bank Reconciliation helps forecast cash flow, as well. Estimated future cash flow can be projected when this module is integrated with the Accounts Receivable, Accounts Payable, Payroll, Time and Billing, and Purchase Order Processing.
The many features of the Bank Reconciliation module enable the use of multiple bank accounts, automatic and manual posting of checks, adjustments and deposits, quick and easy account reconciliation, complete transaction listing details, and more.
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| Multiple Bank Accounts |
Up to 36 separate bank accounts can be established for a single company. Transactions can be automatically posted from the General Ledger, Accounts Receivable, Accounts Payable and Payroll modules. |
| Check and Deposit Entry | Transactions not posted automatically through the other integrated modules can be entered manually. Checks, deposits and adjustments for non-integrated bank accounts can also be entered manually. |
| Reconcile Bank | Displayed monthly activity enables you to reconcile bank accounts quickly and easily. Transactions can be confirmed as cleared, using a single keystroke. |
| Bank Reconciliation Register | All transactions, cleared and outstanding, are listed on this detailed report for each bank account. The Reconciliation Summary shows the adjusted bank balance, computer-calculated book balance and any out-of-balance amount. |
| Bank Flow Analysis | Bank transaction detail can be retained indefinitely or cleared each month after each account is reconciled. |
| Cash Flow Analysis | The Estimated Cash Flow Analysis report combines information from the Accounts Receivable, Accounts Payable and Purchase Order Processing modules to provide an overall cash flow projection for four consecutive periods. |
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Click here to view the Bank Reconciliation
Module PDF File
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