Bank Reconciliation

Let nothing fall through the cracks
Sometimes the largest issues are found in the smallest gaps. The ability to reconcile accounts and deposits ensures small discrepancies don’t become major problems.

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RedPrairie Bank Reconciliation gives managers the controls they need to match daily receipts with bank statements to uncover discrepancies and make adjustments where needed to provide a more accurate picture of financial results.

Managers can easily reconcile shift results and safe contents with bank deposits. Deposits are compared to bank statements at the store level and above. Bank reconciliation functionality automatically pairs clear deposit matches, or those within configurable tolerances. Non-matched deposits are listed by store, allowing you to compare visually and make adjustments when necessary. All other transactions, including interest and returned checks, are displayed in the bank statement, so you can make adjustments as appropriate. RedPrairie’s Bank Reconciliation calculates the impact to each store’s books, and exports any necessary adjustments to the GL.

Bank Reconciliation catches and highlights all the discrepancies between your internal records and bank statements so you can better understand and control your financial results. It makes sure those seemingly small errors that are so easy to miss don’t fall through the cracks.