Match the bank statement in minutes, not days.
Bank reconciliation compares what the bank says with what your books say. You load the statement, the system pairs each line with its entry, and what remains is a short list: cheques not yet cleared, bank charges not booked, receipts from unknown parties. That list is the real work, and it is all your accountant has to look at.
Imports the bank statement and matches it with book entries by amount, date, cheque or UTR number. Leaves only the unmatched items for the accountant to check.
Inside the module.
Statement import
Load the statement file downloaded from your bank's net banking.
Automatic matching
Pairs statement lines with book entries on amount, date, cheque number or UTR.
Exception list
Shows unmatched items on both sides, bank and books, for a decision.
Quick entry
Book bank charges, interest and direct credits from the statement line itself.
Reconciliation statement
Bank balance to book balance, with uncleared cheques and deposits listed.
Part of 4 products.
Fabric Trading ERP
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View Business softwareMulti-entity Accounting
This multi company accounting software keeps separate books for each of your companies, firms and branches, and gives you the…
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This financial management software is the accounts side of an ERP: sales, purchase, stock and payroll post to the ledgers as the…
ViewQuestions, answered.
Which banks does it work with?
It reads the statement file you download from your bank's net banking. The layout of each bank's file is set up once, and after that the import is routine.
What about one deposit that covers many bills?
One statement line can be matched to several book entries, and several lines to one entry. This covers bulk deposits and split payments.
Can I reconcile several bank accounts?
Yes. Each bank account, including cash credit and overdraft accounts, is reconciled separately with its own statement and its own pending list.
Which Kreon products include bank reconciliation?
Fabric Trading ERP, Bullion Trading Software, Multi-entity Accounting, Financial Management Software. It can also be added to a custom system.
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