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.
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