Each month, like clockwork, bank statements and cancelled checks arrive, setting the tedious reconciliation process. You sort checks, account for deposits, and compare your account balances to those of the bank. If only it ended there, but often there are discrepancies. This initiates the aggravating and time-consuming search for the differences before the statements can be reconciled and filed - until it all begins again.
The Sage 100 (formerly Sage ERP MAS 90 and 200) Bank Reconciliation module automates and simplifies the monthly reconciliation process, detects unrecorded transactions between books and banks, locates the errors and differences, records the corrections, and reconciles your books to the bank statements, all in a solution that is easy to use and implement. Bank Reconciliation Highlights:
Multiple bank accounts
Estimated cash flow analysis
Post transactions from AR, AP, GL, and Payroll
Retain or purge detail after reconciliation
One-step bank transfers from the General Ledger
For more information regarding the individual Financial Modules, select any of the links below.
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