Cash to GL Reconciliation

This software module allows companies to reconcile Auto Cash
remittance advice uploaded from EDI, US Lockbox, MT940, bank
statements, Excel and OCR scanned hard copy with specific
general ledger codes and segments. Resulting auto matches are
posted to your GL.

Reconciliation between Cforia's Auto Cash Application Software and your
General Ledger. Data is generated on the cash side of the reconciliation by
downloading data from the appropriate accounts receivable and accounts
payable subledgers or from posting journals within the auto cash software.
This information is compared directly to specific general ledger accounts
and auto-matching is completed.

The Cash to GL Reconciliation module has a powerful matching engine
that allows users to automate the process of reconciling transactions. This
matching process is based upon rules defined by your Finance department.

The module can be used as a generic reconciliation tool for all financial data
such as three way matches.

This module can be implemented with bank reconciliation as a final financial
reconciliation.

Features
  • Integrates across multiple ERP systems including  SAP, Oracle, Baan, Lawson, Microsoft Dynamics NAV, QAD,
    JD Edwards, PeopleSoft, BPCS, MAPICS and many more.
  • Auto-reconciliation of Cash to GL items.
  • Manual Cash to GL reconciliation for unmatched items.
  • Cash to GL Reconciliation can be performed on a daily, weekly, monthly or other periodic term.
  • Un-presented items can be rolled-over at period end into future reconciliations.
  • Search and sort functionality in reconciling data from the GL or cash sides of the reconciliation.
  • Matched transactions can be reviewed and reversed should incorrect references be chosen.
  • Tolerances and write-offs available.
  • Auto-matching rules based upon numerous different reference information.
  • Multi-currency, multi-site solution that can be deployed on multiple environments and ERP’s.

Benefits
  • Financial Control.
  • Huge time and cost savings as all relevant Cash/GL data is reconciled through one central reliable tool.
  • Scalable solution that has been employed globally for Fortune 200 company to reconcile 80 different bank accounts.
  • Global companies can employ a global solution for all sites across multiple different banks.
  • Cash & GL balances are stored enabling Cashbook to provide global treasury position on Corporate Cash.
  • Automated processing of data reduces manual entry and consequently reduces the possibility of fraud and increases
    financial control.

Click on this link to view Lockbox Auto Cash Application Webinar replay.  Presented by a 20 year veteran.

Click to view cash application background for Greg Coulter.
Cforia
ZeroCapital

Cash to General Ledger Reconciliation.