Bank reconciliation
The bank statement matched to your books in one tap
Bank reconciliation in one picture
Follow the data from what you enter to what you get back. Every step below happens inside StartERP, with nothing to retype.
- Bank statement file
- Entries in your books
- Your matching rules
Bank reconciliation
- Matches line by line
- Books bank charges by rule
- Locks the statement
- Reconciled balance
- Outstanding items listed
- Month-end report
Month-end in minutes, not days
Start using Bank reconciliation in 3 steps
The same three steps wait for you as a checklist on the module's first screen, and most tick themselves as you do them.
- Step 1
Import a bank statement
CSV, MT940 or CAMT.053 from online banking.
- Step 2
Add a rule for bank charges
Lines your books never have are booked for you.
- Step 3
Reconcile and lock
Print the report for the month-end file.
Add it when you sign up, or any time later from Subscription & billing.
What it does for your business
Import the statement your bank gives you: CSV from online banking, MT940 or CAMT.053, with the format found by itself and a preview that checks the lines add up to the closing balance. Every line is matched to the entry in your books by amount, date and reference; the sure matches are accepted in one tap and the rest show their best candidates with a score. Rules book the lines your books will never have, such as bank charges and the VAT on them, and set aside internal sweeps. Book an unknown deposit to an account in two clicks. When nothing is left, reconcile and lock the statement. The report brings the bank's closing balance to the balance in your books, with the outstanding entries listed, ready to print for the month-end file.
CSV, MT940 and CAMT.053 imports with a preview, the format found by itself and duplicates refused
Matching by amount, date and reference; the sure matches accepted in one tap
Rules for bank charges, VAT on them and internal sweeps; book the rest to any account
A reconciliation report from the bank balance to the books, with the outstanding entries
Inside the module
Real screens from a StartERP demo store. Tap a screen to see it full size.
Step-by-step guides
- Bank statementsImport the statement your bank gives you (CSV from online banking, MT940 or CAMT.053) and match every line to the entry in your books. The sure matches (same amount, close date, the reference in the bank's text) are accepted in one tap; the rest show their best candidates with a score. A line the books do not have yet, such as a bank charge or an unknown deposit, is booked to an account; a line that is not yours, such as an internal sweep, is set aside. When no line is left to match, the statement is reconciled and locked. Part of the Bank reconciliation add-on.
- Bank rulesWhat to do with the bank lines your books will never have: bank service charges and the VAT on them booked to their accounts, internal sweeps set aside. When a statement is imported every line is checked against the active rules, lowest priority number first; the first rule that fires books the line on Accept or sets it aside at once. Part of the Bank reconciliation add-on.
- Bank reconciliation reportThe statement's closing balance brought to the bank balance in your books. The bank side adds the money in and takes off the payments that are in the books but not yet on a statement; the book side adds the bank lines still to match and the lines set aside. When both sides meet the difference is zero. Print it for the month-end file. Part of the Bank reconciliation add-on.
Frequently asked questions
Is Bank reconciliation included in StartERP?
Bank reconciliation is an add-on module. Add it when you sign up or any time later from Subscription & billing, and pay only for the modules you use.
Can I try Bank reconciliation before I pay?
Yes. Open a demo store for your business type to use it with sample data, or start the 15-day free trial with your own data. No card is needed.
Does Bank reconciliation work in Arabic and on a phone?
Yes. Every StartERP screen works in Arabic and English, on a computer, tablet or phone, and users and devices are unlimited.
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