2 minute read
Reconciling bank statements with your accounting records is necessary for accurate financial management, yet it tends to be neglected due to how long it takes to complete. With the new bank reconciliation module for Sage 200 Evolution, we aim to provide users with a smarter, faster and more reliable way to reconcile their books.
Why Does Bank Reconciliation Matter?
Bank reconciliation acts as an extra layer of protection against discrepancies, fraud and accounting errors. Carrying out this task manually is not only time consuming due to the amount of transactions needing to be compared, but can become frustrating when it comes to tracking down mismatches and checking spreadsheets.
Progressive’s bank reconciliation module for Sage 200 Evolution changes all that.
Key Features & Benefits
Save your progress and resume later
With our module, you have the freedom to pause your work, save your progress and come back at a later time to continue the reconciliation without having to restart or lose your progress.
Import Bank Statements in CSV Format
Manual data entry is no longer your only option, as with our bank reconciliation module you can upload bank statements into our system using via a standard CSV format, thereby saving your energy and time.
Cross-Check Book Transactions with Statement Transactions
Compare your internal book transactions with bank statement records with ease. Having an interface which displays data side by side ensures you can compare your records clearly, and spot missing or duplicated entries in seconds.
Keep Track of Reconciled and Unreconciled Items
With our bank reconciliation model, you get a clear, real-time view of each transaction’s reconciliation status, ensuring everything is transparent and ready to be audited.
Auto-Match Feature
Match your statement transactions with book transactions automatically based on their exact amount and pre-set range. This powerful tool speeds up your workflow and reduces the amount of manual entry required from your side.
Our bank reconciliation module was built to add extra efficiency to your Sage 200 Evolution, and with constant work being done behind the scenes, it won’t be the last. Contact us today to learn more about this module and its implementation and take your financial management to the next level.
