Tech Note: Reconciling Bank Accounts in AccountMate

Regular bank reconciliation is a vital part of your company’s cash control procedures as it helps you uncover fraud and identify theft and properly plan your cash flow; however, it can be a tedious process. Reconciling the discrepancies between the cash balance shown on the bank statement and the cash balance in your books can be aggravating and time-consuming.

The AccountMate Reconcile Bank Account function and other related functions are designed to make bank reconciliation easier and faster. Reconciling bank accounts in AccountMate will give you a better grasp of your company’s real-time cash position to help you effectively manage your resources.

Article #1212: Reconciling Bank Accounts in AccountMate explains the features of the Reconcile Bank Account function.