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The system can produce Bank Reconciliations on any number of different bank accounts.
The check information is automatically captured from all sources, such as checks
from Payroll, as well as checks recorded
straight to the General Ledger system. All that is necessary to produce a reconciliation
at month end is to take the bank statement and indicate the checks and deposits
that have cleared. A record of all old un-cleared checks is automatically maintained.
All that is necessary to get the reconciliation at that point is to select the
option from the menu. If the ACS Checkbook
system is being used, the reconciliation can be done before the entries are posted.
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