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BANK RECONCILIATION
You want to make the most of your company's money. OPEN
SYSTEMS® Accounting Software (OSAS) Bank Reconciliation
application helps you do just that by streamlining and improving
the reconciliation of bank statements with general ledger bank
accounts. Bank Reconciliation makes important updates to OSAS
General Ledger and receives timely entries from the other
applications. You'll know which checks have cleared, which items
are outstanding, which bank accounts contain what amounts, and
exactly where your money is.
Control your cash; manage your
capital wisely
Improve your process of reconciling bank statements with
General Ledger transactions. You'll have accurate information on
which funds are available. Find errors and record differences
between your books and the bank easily. You'll have the
flexibility to post adjustments such as finance charges, service
charges, and interest income to any general ledger period. When
you're reconciling, you can display a running balance of
adjustments and offsetting entries for quick review.
You'll be able to use accurate information about your
resources to make the best decisions about day-to-day business
operations. You can use the OSAS GENERAL Report Writer
application to help make the most of Bank Reconciliation
information. Create custom reports and transfer data to
productivity tools such as word processors, spreadsheets, and
database managers.
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OSAS Bank Reconciliation Offers Choices
and Flexibility With These Key Features:
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Print bank deposit reports when Accounts Receivable and
Sales Order are interfaced with Bank Reconciliation.
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You'll be able to quickly reconcile any period or
periods by selecting the desired transaction dates on
the Reconciliation Report. |
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You can obtain your most up-to-date balances quickly by
including unposted general ledger entries in bank
balance calculations. |
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Eliminate errors and control cash outflow with the Void
Checks/Stop Payments function. You'll save time while
doing it by using horizontal line entry. All Payroll and
Accounts Payable transactions are completely reversed.
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You'll save time during transaction entry by entering
your recurring adjustments only once. These include
finance charges, service charges, and interest income.
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You'll have the flexibility to define your own default
descriptions, making data entry faster. |
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Quickly purge cleared transactions by specifying a range
of dates and purging all cleared transactions within
that period at the same time. |
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You can use Bank Reconciliation as a stand-alone
application, or you can increase its power and
versatility by integrating it with other OSAS
applications such as General Ledger, Accounts
Receivable/Sales Order, Accounts Payable/Purchase Order,
and GENERAL Report Writer. |
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You'll have the option to keep your cash in
interest-bearing accounts as long as possible with
interaccount transfers and manual adjustments. |
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You can receive money to and disburse money from
different accounts by using multiple bank accounts for
OSAS Accounts Receivable/Sales Order deposits and
Accounts Payable/Purchase Order and Payroll accounts. |
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Bank Reconciliation Reports:
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Bank Reconciliation Journal |
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Reconciliation Report |
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Bank Account Register |
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Bank Accounts Lists |
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