Popular in Course
verified elite notetaker
Popular in Accounting
This 2 page Document was uploaded by an elite notetaker on Friday December 18, 2015. The Document belongs to a course at a university taught by a professor in Fall. Since its upload, it has received 14 views.
Reviews for Sage-MAS-90-MAS-200-Bank-Reconcilation
Report this Material
What is Karma?
Karma is the currency of StudySoup.
Date Created: 12/18/15
BANK RECONCILIATION REPORTS The Bank Reconciliation module features streamlined bank statement reconciliation and insightful reports, including: ■ Bank Reconciliation Register ■ Bank Transaction Recap Report ■ Estimated Cash Flow Analysis BUSINESS ALERTS Business Alerts is a separate module that monitors your MAS 90 database and can send e-mail notifications to appropriate staff, customers or vendors based on specific business events Each month, like clockwork, bank statements and cancelled checks arrive,▯ setting off a tedious reconciliation process. You sort checks, account for deposits, and compare your account balances to those of the bank. If only it ended there. Discrepancies can initiate an aggravating and time- consuming search for the differences before your statements can be reconciled and filed—then it all begins again. The Bank Reconciliation module for Sage MAS 90 and Sage MAS 200 ERP systems automates and simplifies the monthly reconciliation process, detects unrecorded transactions between books and banks, locates the errors and differences, records the corrections, and reconciles your books to the bank statements, all in a solution that is easy to use and implement. Even more important, Bank Reconciliation gives you insights behind the numbers to ▯ better manage and direct cash flow, helping you to view and forecast cash flow activities with registers, reports, and analyses. You can project an estimated cash flow when youlink it to your Accounts Receivable, Accounts Payable, Payroll, and Purchase Order modules. The many features of the Bank Reconciliation module enable the use of multiple bank acco ▯ unts, automatic and manual posting of checks, adjustments and deposits, quick a ▯ nd easy account reconciliation, complete transaction listings and details, and more. Powerful, yet simple-to-use, Bank Reconciliation gives you the ability to▯ efficiently manage reconciliation activities today, and helps you make better business decisions for the future with cash flow analysis and forecasting. Continued ▼ Sage MAS 90 and Sage MAS 200 Bank Reconciliation “We process nearly 1,000 checks every month. By automating the reconciliation task, we’ve freed up countless hours on each statement for our accountant.” Elizabeth Johnson-Stevens, special projects coordinator Salutary SportsClubs, Inc. FEATURES Multiple Bank Accounts Up to 36 separate bank accounts can be established for a single company. Transactions can be automatically posted from the Gene ral 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 adjus tments 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 Imports, validates and reconciles bank statement. Supports various bank formats. Custom b▯ ats also available. Extended Solution 56 Technology Drive • Irvine, CA 92618-2301 • 800-854-3415 • www.sagesoftware.com trademarks or trademarks of Sage Software, Inc., or its affiliated entities. All other trademarks are the property of their respective owners.gistered