Bank Reconciliation System

Manual processes are not effective for bank reconciliation involving a high volume for a number of different banks and accounts. The Bank Reconciliation System imports the data and automates matching process to streamline reconciliation.

 

QX Bank Reconciliation System is a web-based tool that allows reconciliation between Bank Book from any ERP system and bank statements from any bank. The system compares data from general ledger files with bank statement reports and auto-matches it, while supporting adjustments for hidden transactions such as bank charge or bank fees.

Faster, smarter and compliant reconciliations

Reduce errors through automatic reconciliation of entries on scheduled days at scheduled times
Save time and effort by automatically matching large volume entries between any bank statement and GL
Manage multiple bank and currencies – the system supports an unlimited number of bank accounts and currency types

Fast, intuitive and easy to configure

TASK MANAGEMENT

Schedule, assign and track tasks related to bank reconciliation to relevant staff members.

HANDLE MULTIPLE ACCOUNTS

Easily configure multiple accounts from the same bank or from different banks. Add newly set up accounts to the system.

MANAGE MULTIPLE CURRENCY TYPES

Dealing with a wide range of currency types? The system can work easily with any currency, including Euro, USD, GBP, OMR, CHF, etc.

MATCH MULTIPLE RECORDS

Import thousands of records from bank statements and bank books and reconcile them automatically.

ADD ADJUSTMENT ENTRIES

Easily input adjustment entries to payments that do not match the invoice.

SEGREGATE ENTRIES

Separate entries based on whether they were auto matched, matched manually or adjusted.

Schedule a demo to see how QX Bank Reconciliation System can help you streamline your reconciliation process.

SCHEDULE A DEMO