Introducing the Bank Reconciliation Module
The MIP Bank Reconciliation module is an effective, easy way to reconcile your organization's bank account. Transactions processed from any module automatically display as outstanding items in the Bank Reconciliation module, allowing you to either manually reconcile the transactions or utilize Mastercard’s open banking platform (Finicity) with your organization's bank account to automatically match MIP transactions to transactions within your bank account.
The bank reconciliation process can either be performed manually or automatically depending on your organization's setup. See the following links for the Bank Reconciliation process that matches your organization's setup.