Overview:
The process of matching the balances in an entity's accounting records for a cash account to the corresponding information on a bank statement. The output of this process is the bank reconciliation report.
Benefits:
- Assists with balancing each bank account
- Helps to identify and correct accounting or bank errors
- Load a bank file to quickly match transactions and reconcile the account
Roles:
- Accounting Manager
- CFOController
Additional Information:
- Configuring PENTA to use the Bank Reconciliation Module
- Bank Reconciliation Process
- Bank Reconciliation Bank File Specifications
- Clearing Checks in Web Bank Reconciliation from Old System
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