Reconcile Bank Statements – Automated & Streamlined
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Gone are the days when you had to manually capture each and every transaction from your bank statement. With Sage Bank Manager you will now be excited to reconcile bank statements.
You simply need to download your bank statement from your FNB, Standard Bank, Absa, or Nedbank (Any major Bank) account and map the bank transactions to the related ledger accounts, and the Bank Manager system will assign each transaction automatically every time you import it. Download your bank statements via online banking and simply import them via bank manager. Keep accurate accounting records, contrast your transaction records as per your journal entries with your bank records, and enjoy streamlined processes when preparing a bank reconciliation.
Why do I need to reconcile company bank statements?
Keeping a handle of your company finances is a key driver of your business success. You need to ensure that the bank balance on your monthly statements matches with your reported general ledger (GL) balance.
Many a time, these balances don’t quite match and this is why you will need to identify the discrepancies and ensure that every transaction is accounted for and your bank balance matches with the balance on your records. Simplify the compilation of your bank reconciliation statement. No matter which banking service you use. Sage 200 Evolution Bank manager supports all major banks in South Africa.