How-To: Bank Reconciliation in Acumatica
Posted on: September 2, 2015 | By: Craig Thompson | Acumatica
Reconciling your bank statement, in its simplest form, allows you to make comparisons between bank statements and your records. The purpose of bank reconciliation is to identify discrepancies, bank errors and/or fraudulent activities before these factors turn into bigger issues. The reconciliation process is very important and must be done every month in order to ensure your business is running as efficient as possible… but these are statements you most likely already know. What seems to be confusing about bank reconciliation is less about the definition and more about the process. The underlying question being, why is this process at times so confusing and difficult? Luckily, our friends at Acumatica have shown us an easier way.
With automation, Acumatica ERP gives you the ability to finish the bank reconciliation process quickly and easily. For more how-to's and Acumatica information, contact Logan Consulting, your Chicago based Acumatica partner.