Financials bank reconciliation update no small change
Clients can easily perform bank reconciliations in a matter of minutes using any mobile device.
The Pulse Mining ERP Financials module has received an enhancement which enables clients to perform bank reconciliations in a matter of minutes.
Bank reconciliation is a process that compares bank transactions displayed within a bank statement to the balance shown in accounting records (General Ledger) for a commercial entity over a period of time.
Clients can import electronic bank statements from NAB, ANZ and St George into the Pulse Mining ERP system. Additional import formats can be developed to meet clients with additional requirements.
The uploaded electronic bank statements are automatically matched to Pulse Mining ERP bank accounts as nominated. Matched items include accounts payable, accounts receivable and human resource transactions. Leaving or identifying fees and charges that can be journaled to the General Ledger by a simple hover and right-click, using prepopulated template journals.
The bank reconciliation process can be completed using any mobile device with an internet connection, and provides a modern, user-friendly and intuitive interface.
This software enhancement sets the platform for the Financials module journey into the Web Based User Interfaces in line with future Pulse Mining products.