Bank Reconciliation Module

The Bank Reconciliation module is an effective, easy way to reconcile your organization's bank accounts. Transactions processed from any module automatically display as outstanding items in the Bank Reconciliation module. MIP supports two types of bank reconciliation processes: manual and automatic.

 

Manual Reconciliation

Manual Bank Reconciliation is the default and available to all organizations.

Automatic Reconciliation

Automatic Bank Reconciliation becomes available only after you establish a bank connection under Module Setup > Connect to Financial Institution.

Run reports to keep track of your activity

Use one of the pre-built reports in the system to manage and track your reconciliations, or create custom reports of your own.

 

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