Bank Reconciliation
Cash is an important asset of an organization. To properly safeguard cash, bank reconciliation is the essential monthly internal control to identify cash irregularities and to ensure cash transactions are accurately recorded in a timely manner. Mindsphere Technology Group, has been refining its Bank Reconciliation software and process for over 20 years. We are confident that our solution will exceed your expectations and increase your productivity at a lower cost.
Our solution offers, within minutes, automate 90+% of matching and provide standard reconciliation reports in PDF and Excel. Features include:
- Extract or import supporting cash transactions, including carryovers from prior months
- Perform internal controls on data integrity between general ledger and subsidiary ledgers
- Reconcile cash transactions with a direct approach based on sound cash accounting practices
- Configure reconciliation rules for business transaction scenario
- Identify a complete and focus list of unreconciled transactions for user analysis and resolution
- Rerun reconciliations easily at prior month or year when book cash transactions change
