Bank Reconcilation

MSCertThe USL Financials Bank Reconciliation module interfaces easily with Ac-counts Payable and Accounts Receivable to provide important functionality for every kind of business.

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In the USL Financials Bank Reconciliation module, checks and deposits are transferred from the Accounts Payable and Accounts Receivable modules for full account reconciliation. Cleared checks and deposits are manually identified or uploaded from the bank, and the adjusting entries and service fees are posted to the General Ledger.

Features

General
• Provides instant access to account information and eliminates manual reconciliation procedures.
• Unlimited number of bank and cash accounts.
• One-to-one or many-to-many bank and cash accounts are supported.
• A complete audit trail enforces accountability for all items issued, paid, voided or deleted.
• Automation of reconciliation functions saves time and reduces the level of clerical resources.
• Optional import cleared checks and deposits from bank files, BAI or custom and automatically match cleared items.
• For each checking account, offers the option of either bank-to-book or book to-bank reconciliation.
• Handles stop-payment checks and checks that are voided.
• Allows pinpointing any particular check or type of check within seconds with just a few keystrokes.
• Import cleared checks and deposits from bank files, BAI or custom.

Download Bank Reconciliation Cut Sheet

Reports
• Comprehensive query and reporting.
• Generates reports that provide easy references on each bank account’s status.
• Generates reconciliation reports that provide an institution with a complete transaction record.
• Generates exception reports for tracking unusual transactions. Includes Checkbook Report, Reconciliation Report and Ac-count Activity Report.

System Integration
Accounts Payable and Accounts Receivable modules to reconcile the cash accounts used to make or receive payments.
BK verifies cash and bank account numbers and components through the Control System module.

Minimum System Requirements
SERVERS
• Dual Core, 2.3 GHz or better
• 4GB RAM (32-bit Windows Server) sized by need
• 8GB RAM (64-bit Windows Server) sized by need
• Windows Server 2008 – 2012 (R2 supported) (64-bit recommended)
SQL SERVER
• Microsoft SQL Server 2008 – 2014 (R2 supported) (64-bit recommended)
TERMINAL SERVER (if utilized):
• Dual Core, 2.3 GHz or better
• 4GB RAM (32-bit Windows Server) sized by user count
• 8GB RAM (64-bit Windows Server) sized by user count
• Windows Server 2008 – 2012 (R2 supported) (64-bit recommended)
CLIENT WORKSTATIONS
• Core 2 Processor, 2.3 GHz or better
• 2GB RAM or better
• Microsoft Windows 7 (SP1) – Windows 10 Pro
• Microsoft Office Professional 2007 – 2016 (32-bit only)

Online Help
USL Financials contains context-sensitive, online help for all features and functions of the system.

Security
• Full USL Database, Module, Menu, Function, Action and Account Level security options relative to the system security.
• Full security by Delivery Location in PO and PQ.
• Departmental Security via Workgroups in A/P, A/R, GL, and PQ.
• Security by Project, Sub-Project, and Funding Source (Grant).

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