Bank Reconciliation
The Bank Reconciliation module provides the ability to reconcile your bank statement with the checks and deposits entered in the application. During reconciliation, deposit and payment information is retrieved from Accounts Payable and Accounts Receivable and compared to the actual general ledger account balance for your bank account. For transactions such as bank fees that are not entered in the application, user defined transaction records can be set up for consideration in the reconciliation and subsequent posting to the general ledger.
