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Made2Manage Systems understands how important it is for your company to have effective cash management processes in place. To assist you in managing your cash flow, Made2Manage offers the bank reconciliation feature. The bank reconciliation feature gives you the ability to monitor all of your checking account transactions within the Made2Manage system.
To streamline your cash management operations, the bank reconciliation feature allows you to indicate “cleared” checks, create deposit records, and clear deposits in the system.
In addition, you can easily reconcile the differences between cash accounts and bank statements for transactions appearing on the bank statement that have yet to be recorded in Made2Manage.
From the deposit screen, you can select checking account and date, and create deposit records for receivables and paid receipts. Plus, you can utilize simple filters that you create to display only the cash receipts that you want to record. Consistent with the rest of the Made2Manage features, you have the option to automatically select all the cash receipts in the system or manually select only those that match your bank statement.
Reconciling your bank statements is simple when you use the easy input screens mentioned above. However, there are times when you will find that a transaction on your statement was never entered into Made2Manage. Our solution is simple - by selecting the other transactions tab on the bank reconciliation screen, you can enter the necessary transactions that will complete your reconciliation process.
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