Banking and Cash | Financial Management
Bank Reconciliation
Statement lines matched to postings, with the difference explained.
What it does
Inside Bank Reconciliation.
The book to bank difference is a number you can explain on any day of the month.
01
Automatic matching with configurable rules and tolerances
02
Many-to-one and one-to-many matching for batched settlements
03
Unmatched item classification, ageing and ownership
04
Book to bank difference reported continuously per account
Where it sits
Part of Banking and Cash.
Connected Bank Feeds Accounts connected once, transactions arriving continuously. Cash Position Group cash by entity, bank and currency, current now. Payments and Transfers Outbound payment with approval and verification inside the flow. Cash Forecasting Expected cash built from what is actually committed. Card Accounts Issued cards, limits and spend on the same record as the journal. Cash Operations Deposits, expected receipts and own-account transfers as tracked documents. Direct Debits Mandates held on file, and the collection runs presented against them. Payment Files The file the bank actually receives, tracked to what the bank did with it. Matching Rules How the engine decides two records are the same document, as configuration. Reconciliation Exceptions Every open difference across every engine, in one queue, largest first.
Run Bank Reconciliation against your books.
A working session on your structure and a month of your documents.