Auto Bank Reconciliations offers precision and speed, aligning the reconciliation with the transaction in real time, thanks to real time banking integration and data feeds.
What is it?
Automated Bank Reconciliations is more than just a time-saver—it’s a precision-enhancer. It aligns each reconciliation with its respective transaction in real-time, eliminating the discrepancies commonly found in manual methods. Through real-time banking integration and data feeds, it ensures your clients’ books are accurate and clean.
Why does it matter?
In the realm of accounting, precision is paramount, and reconciliations are critical. Automated Bank Reconciliations isn’t just improving accuracy—it’s redefining it. This feature guarantees that your clients' financial records are flawless and that your firm can reclaim the extensive amounts of time traditionally spent on manual reconciliations at month's end.
How does it work?
The system continually reviews variances found when comparing extracted statement details to the general ledger (GL) activity, ensuring clean reconciliations every time. When it finds no issues, it automatically reconciles the account, bringing an unparalleled level of efficiency and reliability to your firm’s operations. Your firm has the luxury to swiftly review any discrepancies, while routine reconciliations are seamlessly handled by the system.
What Now?
Are you ready to step into a world where reconciliations are not a source of dread but a fountain of reliability and efficiency? Stay tuned for more information as we approach the release date in Q1 2024. Embrace the future where precision and speed coexist!