Bank Reconciliation Module

Bank Reconciliation helps you easily match transactions recorded in MIP to activity on your bank statement. You can choose to reconcile manually or automatically, depending on your organization’s needs.

 

Manual Reconciliation

Manual Reconciliation is the default reconciliation method available to all organizations. You'll manually review and clear transactions in MIP against your bank statement. During reconciliation, you can work with Checks and Vouchers, Deposits, Other Cash Items, and Suspense Items.

Automatic Reconciliation

Automatic Reconciliation lets you connect a financial institution to MIP so you can bring in bank activity and reconcile with less manual effort. During reconciliation, your bank feed flows into MIP so you can easily match activity on your bank statement to transactions in MIP.

 

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