Bank Reconciliation is achieved quickly and easily by comparing cash book transactions with bank statement transactions downloaded from your online banking software and imported into the Norwel system.
Fig.1. Bank Reconciliation Main Page - Click To Enlarge
Automatic matching using reference and value, reconciles the bulk of the transactions with a single click. Filtering tools help to make matching the remainder of the transactions as simple as possible. Once the bank is reconciled a clear and easy to read reconciliation report is provided including detail of merged items, items remaining unpresented and, if applicable, items remaining unposted.
There are many benefits to using Bank Reconciliation;
- Quick and easy to use
- Users are given a choice to merge and unmerge entries
- Ease of use for users as Reconciliation balances can be checked at any time
- Filtering tools
- Large range of menu options to meet all accounts users needs
Fig.2. Bank Reconciliation Menu Options - Click To Enlarge
