Introducing Reconciliation with Continia Banking
Reconciling book entries with bank statements can be a challenging task as it requires repeatedly switching between financial statements and the general ledger while making adjustments. Continia Banking makes this process easier and saves time. With Continia Banking, you can download the bank statement and automatically match it with your books. Moreover, it provides an intuitive interface to reconcile the bank entries that couldn't be matched, allowing you to finish the reconciliation process in just a few clicks.
Continia Banking supports and enhances the Microsoft Business central ways of reconciling bank accounts and payments, offering reconciliation solutions customized to meet customers' specific needs.
- Bank account reconciliation - this thorough reconciliation method involves importing CAMT053 files for reconciling bank account ledger entries directly. All transactions are posted directly on the bank, ensuring meticulous reconciliation based on bank data. This reconciliation method will feel familiar to users acquainted with Payment Management.
- Payment reconciliation journals - this reconciliation solution grants you more authority. With this option, you can import CAMT052, CAMT053, and CAMT054 files. Transactions are either posted directly on the bank or on a G/L account, depending on specific preferences. In the payment reconciliation journal, users can match transactions according to their needs. Various entries can be applied, and during the posting process, the system reconciles bank account ledger entries. Users can selectively apply entries and seamlessly handle the rest during posting. This reconciliation method will feel familiar to users acquainted with OPplus.