Every month you can count on receiving your canceled checks and/or statement from your company's bank, and you are required to sort your checks, account for your deposits, and reconcile your checking account balance to the bank's balance. But often there is a discrepancy.

Sage Software's MAS 90 and MAS 200 Bank Reconciliation module simplifies the monthly reconciliation process, detects unrecorded transactions between books and bank, locates the errors or differences, records the corrections and reconciles your books to the bank statement.

Bank Reconciliation helps forecast cash flow, as well. Estimated future cash flow can be projected when this module is integrated with the Accounts Receivable, Accounts Payable, Payroll, Time and Billing, Purchase Order Processing and Point of Sale modules.

Features

• Multiple Bank Accounts - Up to 36 separate bank accounts can be established for a single company. Transactions can be automatically posted from the General Ledger, Accounts Receivable, Accounts Payable and Payroll modules.
• Check and Deposit Entry - Transactions not posted automatically through the other integrated modules can be entered manually. Checks, deposits and adjustments for nonintegrated bank accounts can also be entered manually.
• Reconcile Bank - Displayed monthly activity enables you to reconcile bank accounts quickly and easily. Transactions can be confirmed as cleared, using a single keystroke.
• Bank Reconciliation Register - All transactions, cleared and outstanding, are listed on this detailed report for each bank account. The Reconciliation Summary shows the adjusted bank balance, computer-calculated book balance and any out-of-balance amount.
• Bank Activity Detail - Bank transaction detail can be retained indefinitely or cleared each month after each account is reconciled.
• Cash Flow Analysis - The Estimated Cash Flow Analysis report combines information from the Accounts Receivable, Accounts Payable and Purchase Order Processing modules to provide an overall cash flow projection for four consecutive periods.

Reports

• Bank Reconciliation Register
• Bank Transaction Recap Report
• Estimated Cash Flow Analysis

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