Bank Reconciliation
The USC Bank Reconciliation Module works seamlessly with the General Ledger, Accounts Payable, Account Receivable, and Payroll systems to allow for a quick and easy means of checking the bank statement and company records for any errors or omissions. The structured, organized entry methods and reporting functionality removes the aggravation and time-consuming searches for discrepancies in an easy-to-use fashion.
The Bank Reconciliation Module is designed to assist the user in comparing and reconciling the statements of accounts as provided by the bank with the registers and records maintained by the business. This Module allows for any number of bank accounts and can automatically receive postings of checks generated by the Payroll and Accounts Payable Modules.
Transactional Details
Retain transaction details for an entire fiscal year or for only the current period. Regardless of the option selected, account balances are maintained for the current and previous fiscal year.
Prior Period Adjustments
Access prior periods and make adjustments or even add new entries.
Unlimited Companies
Maintain separate accounting systems for an unlimited number of companies, each with their own independent chart of accounts, fiscal year ending date, etc.
Budget vs. Actual
Maintain a budget and produce Budget vs. Actual comparisons.
Departmentalization
Departmentalize the income statement including automatic postings to a consolidated company total department, while still being able to produce separated income statements.
Period Flexibility
Enter and retain transactions for new periods before closing out the current period.
