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
• Controller

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

Location:

• PENTA Web > Accounting Module > Bank Reconciliation

Video: