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BANK RECONCILIATION
You want to make the most of your company's
money. OPEN SYSTEMS® Accounting Software Bank Reconciliation
application helps you do just that by streamlining and improving the
reconciliation of bank statements with general ledger bank accounts.
Bank Reconciliation makes important updates to OSAS General Ledger and
receives timely entries from the other applications. You'll know which
checks have cleared, which items are outstanding, which bank accounts
contain what amounts, and exactly where your money is.
Control your cash; manage your capital wisely
Improve your process of reconciling bank statements with General Ledger
transactions. You'll have accurate information on which funds are available.
Find errors and record differences between your books and the bank easily.
You'll have the flexibility to post adjustments such as finance charges,
service charges, and interest income to any general ledger period. When
you're reconciling, you can display a running balance of adjustments and
offsetting entries for quick review.
You'll be able to use accurate information about your resources to make the
best decisions about day-to-day business operations. You can use the OSAS
Report Writer application to help make the most of Bank Reconciliation
information. Create custom reports and transfer data to productivity tools
such as word processors, spreadsheets, and database managers.
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OSAS Bank Reconciliation Offers Choices and Flexibility With These Key
Features:
- Print bank deposit reports when Accounts Receivable and Sales Order are
interfaced with Bank Reconciliation.
- You'll be able to quickly reconcile any period or periods by selecting
the desired transaction dates on the Reconciliation Report.
- You can obtain your most up-to-date balances quickly by including
unposted general ledger entries in bank balance calculations.
- Eliminate errors and control cash outflow with the Void Checks/Stop
Payments function. You'll save time while doing it by using horizontal line
entry. All Payroll and Accounts Payable transactions are completely reversed.
- You'll save time during transaction entry by entering your recurring
adjustments only once. These include finance charges, service charges, and
interest income.
- You'll have the flexibility to define your own default descriptions,
making data entry faster.
- Quickly purge cleared transactions by specifying a range of dates and
purging all cleared transactions within that period at the same time.
- You can use Bank Reconciliation as a stand-alone application, or you
can increase its power and versatility by integrating it with other OSAS
applications such as General Ledger, Accounts Receivable/Sales Order,
Accounts Payable/Purchase Order, and Report Writer.
- You'll have the option to keep your cash in interest-bearing accounts
as long as possible with interaccount transfers and manual adjustments.
- You can receive money to and disburse money from different accounts by
using multiple bank accounts for OSAS Accounts Receivable/Sales Order
deposits and Accounts Payable/Purchase Order and Payroll accounts.
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Bank Reconciliation Reports
- Bank Reconciliation Journal
- Reconciliation Report
- Bank Account Register
- Bank Accounts Lists
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