MAS 90/200 Core Modules
MAS 90 / 200 Bank Reconciliation
Bank Reconciliation
Whether you're reviewing bank statements or dealing with cancelled checks, the reconciliation process seems to reveal more and more tasks. Everything from account balance descrepancy comparison, to sorting checks, to newly discovered discreptancies, etc.
Bank Reconciliation for MAS 90 and MAS 200 - also referred to as Bank Rec - detects unrecorded transactions between books and banks so that you can locate error and discrepancies in order to record the correction and reconcile your books to the bank statements.
Bank Reconciliation allows you to manage cash flow more efficiently, which in turn, allows you to forecast cash flow activities and project an estimated cash flow when linked to other modules like Accounts Receivable, Accounts Payable and Purchase Order.
To summarize, The key features of the Bank Rec module are: the use of multiple bank accounts, automatic and manual posting of checks, adjustments and deposits, complete transaction details - all which make this a solution for easy account reconciliation. The following table lists all product features for Bank Reconciliation.
MAS 90 and MAS 200 Bank Reconciliation Brochure
MAS 90 and MAS 200 Bank Reconciliation Features
| Multiple Bank Accounts | Up to 36 separate bank accounts can be established for a single company. Transactions can be automatically posted from the General Ledger, Accounts Receivable, Accounts Payable, and Payroll modules. |
| Reconcile Bank Accounts | Displayed monthly activity enables you to reconcile bank accounts quickly and easily. Transactions can be confirmed as cleared, using a single keystroke. |
| Bank Reconciliation Register | All transactions, cleared and outstanding, are listed on this detailed report for each bank account. The Reconciliation Summary shows the adjusted bank balance, computer-calculated book balance, and any out-of-balance amount. |
| Cash Flow Analysis | The Estimated Cash Flow Analysis Report combines information from the Accounts Receivable, Accounts Payable, and Purchase Order modules to provide an overall cash flow projection for four consecutive periods. |
| Check and Deposit Entry | Transactions not posted automatically through the other integrated modules can be entered manually. Checks, deposits, and adjustments for non-integrated bank accounts can also be entered manually. |
| Bank Activity Detail | Bank transaction detail can be retained indefinitely or cleared each month after each account is reconciled. |
| Reconciliation Import Extended Solutions | Imports, validates and reconciles bank statement. Supports various bank formats. Custom bank formats also available. |
Sage MAS 90 and MAS 200 Accounts ReceivableThis is the heart of the MAS Accounting Software system
|
