Express Bank Reconciliation
The Express Bank Reconciliation System automates and
simplifies the monthly reconciliation process, detects unrecorded transactions
between bank and books, identifies differences and reconciles your bank
statement to books. Its user friendly web based front end with a calendar for
tracking will guide the user step by step through the reconciliation process.
Data management process that automates the import of bank transactions from
your Bank and GL cash records from your Accounting Package. Validations on
input records/files are performed and reported.
High speed matching engine based on configurable matching rules and
classification of GL entries for more precise automatic reconciliation.
Carryover process that tracks un-reconciled bank and financial records from
previous month reconciliations.
Manual matching process that allows user to resolve un-reconciled transactions
for unique situations and override automatic reconciliation results.
Retroactive feature that allows user to rerun reconciliations from prior months
for corrections or to include auditor adjustments for prior years.
- Electronic notepad that allows user to document un-reconciled transactions.
Internal control process that ensures that subsidiary ledger cash transactions
are posted correctly to the GL at a summary level. GL adjustment entries are
automatically created to identify differences.
Audit trails and controls for compliance with audit, accountability and
User friendly web based front end with a calendar for tracking and a step by
step process for guiding the user through the reconciliation process.
Application security that allows only authorized users to view or perform
different reconciliation processes.
Access to information is easy. The Express Bank Reconciliation System includes
16 standard reports of detail, summary, control and audit reports that may be
viewed through a web browser or Microsoft Excel.
- Reconciliation Summary
- Unreconciled Details
- Reconciled Details
- Bank Summary
- Bank Details
- JE Summary
- JE Details
- A/P Check Summary
- A/P Check Details
- A/P Checks Outstanding
- Payroll Check Summary
- Payroll Check Details
- Payroll Check Outstanding
- Cash Receipt Summary
- Cash Receipt Details
- Cash Receipt In Transit Details
For more information or to schedule an on-site product demonstration
call us at 1-866-722-MSTG