ERP Solutions
WinMAGI leads you through these steps in the bank
reconciliation process –
• Selection of the account to reconcile
• Viewing
the transactions – from Accounts Payable, Accounts Receivable
and the bank (if available, not required)
• Reconciliation
of the deposits
• Reconciliation of the payments
•
Allowance for added service charges
• Other adjustments, as
required, can be made.
When the process is complete, General Ledger
distribution entries can be created. General Ledger entries
are only sent to the general ledger module if identified as
true in the General Ledger defaults.
