Autosum Accounts - The Web Based Accounting System That Speaks Your Language

The accounting system that speaks your language

Bank/Cash Reconciliations

As each receipt and/or payment is entered in the Data Entry routines the transaction record is collected and summarised in the reconciliation files. When Bank Statements are received the transaction amounts are matched to the BANK RECONCILIATION summary and when the Statement Number is recorded on the summary the Bank Statement balance is automatically reconciled as the running balance is updated.

The CASH RECONCILIATION summary has been created to track all "Floating Cash transactions". It gives the User the means of checking Floating Cash balances at the end of each Accounting Month.