Reconcile your Bank Statements in a flash
Upload your excel and Reach automagically reconciles your Bank
Bank reconciliation compares the bank balance shown in an organization’s financial statement, as equipped by the bank, and therefore the corresponding quantity shown within the organization’s own accounting records at a selected purpose in time. Reconciling your bank statement should be done every month to check the errors that occur between income and expenses. This shows the discrepancies, possible bank errors or fraudulent activity that has happened in your account during the month. Reconciliation is commonly requested by an audit firm as part of its annual audit procedures.
Automating your entire business should include Reconcile your Bank Statements in a flash. That’s why we decided to introduce this feature which prevents our customers from having a headache and work pressure in tallying up the income and expenses to find the profit and loss calculation. All you have to do is to import the bank statement in our software and leave Reconciliation in our hands.
How it works?
Step-1: Log into www.reacherp.com using your username and password
Step-2: Click the Reports tab in the right top corner of the web page.
Step-3: Scroll down to the bottom right corner of the webpage and click Bank Reconciliation Report. It displays the list of bank accounts synchronized with our software.
Step-4: Now select the respective bank account. It displays the earlier transaction details.
Step-5: Click Reconcile and import the bank statement in specified format.
Step-6: Now, Enter the Headings which needs to synchronize with the Bank Statement, and click Save.
The Software Itself Matches the Payment along with the Cheque or Reference number.
Step-7: If the transaction details don’t match with the payment then you have to manually match the Payment by clicking the Match option available in the Action Menu.
Step-8: If there’s no predefined Transaction then you have to create a payment by clicking create payment available in the action Menu
That’s all. The Software Itself Tally up the Monthly Income and Expenses.
I always Suggest Clients to Try out some ERP Software to compare the best fit for their business or you can check on ERP comparison tool or Listen to what Leading Business Persons say about their ERP Software
Do you need a demo?
If you want to know how this works, you can fix a online demo from >>> Meet Us
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