Bank Reconciliation

ABS Bank Reconciliation P.E.P. Pack® is an add-on module that interfaces with the ABS Accounts Payable and the ABS Payroll modules. It can help your business reconcile corporate checking accounts quickly and accurately.

With the B/R module, you can monitor all transaction activity, including A/P and P/R checks, deposits, and bank adjustments for up to 9,999 accounts.

All check data created in your ABS A/P and/or P/R module is automatically imported into the B/R module, so no double entry is required. If you also use the ABS General Ledger module, adjustment transactions created in B/R are merged to the G/L module.

Key features include:

• Easy start-up entry for new bank accounts
• Accepts old check data prior to automating the first statement cycle
• Tracks manual, computer-generated and prepaid checks
• Uses simple one-key “check off” method to clear checks and deposits
• Lets you trial close any statement
• Automatically monitors last statement dates and closing balances
• Fast access to account information
• Generates informative reports for cleared and open checks and deposits, for bank adjustments, and total transactions

Note: Bank Reconciliation requires either the ABS Accounts Payable System or the ABS Payroll System. If you use both A/P and P/R, only one Bank Reconciliation module is required.