Effective cash management is a basic requirement for any business.
The Stamina Bank Reconciliation System will keep you informed
of your current cash position, and also provides an extension
of the features found in a manual Cash Book.
bank accounts in a number of financial institutions
can be managed simultaneously, and details for other
financial institutions referenced throughout the system
can also be maintained, such as employee or customer
of physical deposits made to an institution can be manually
entered, automatically generated from Accounts Receivable
or Point of Sale receipts or a combination of both.
This deposit information can then be used to produce
a bank deposit slip if required, and also becomes a
figure that can be verified against a bank statement.
system also records details of all cheques generated
from the Payroll and the Accounts Payable Systems. Manually
drawn cheques can also be processed, with expenses allocated
to multiple general ledger dissection accounts if needed.
a bank statement arrives it becomes a multi-purpose
source document. Details of fees, bank charges, etc
can be processed, which will update the appropriate
general ledger accounts, individual bank deposits can
be reconciled, and details of presented cheques can
if your bank offers an electronic banking service it
may be possible to obtain this information via a modem,
or through magnetic tape or diskette.
process of matching and elimination may highlight some
errors, such a cheques being presented with no record
of it being drawn, or a mismatch in amounts between
the original cheque or deposit entered on the system,
and that obtained from the bank statement.
are available to investigate these errors in detail,
and you may also obtain a list of bank deposits that
are as yet unprocessed by the bank, and also Unpresented
any errors have been resolved a full reconciliation
of any bank account is only a keystroke away, as either
a screen enquiry or a hard copy report, at a moments
notice. The Stamina Bank Reconciliation System can let
you know your true cash position in minutes, rather
than hours or days.
for Bank Reconciliation System Flow Chart