USL Financials’ Financial Accounting Suite of Applications provide a fully-integrated, full encumbrance fund accounting system, offering all the financial management features needed today by not-for-profits and government agencies for making smart strategic decisions, achieving the highest level of fiscal accountability, and evaluating performance.

900 South Washington St corporate@uslfinancials.com Phone: (800)800-0768

Log In

Bank Reconciliation

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

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.

FLEXIBILITY

Provides instant access to account information and eliminates manual reconciliation procedures.

SIMPLE RECONCILIATION

Reconcile bank accounts to statements with ease.

IMPORT

Support for importing lists of cleared transactions in customizable formats.

SYSTEM INTEGRATION

Full integration with the Accounts Payable, Accounts Receivable, and General Ledger.

ONLINE HELP

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

CUSTOMIZABLE

Built in templates for check printing needs, including MICR capability.

BANK RECONCILIATION

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.

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.

REPORTS

Provide powerful on-line inquiry and drill-down tools:

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 Account Activity Report.

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)

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)

BANK RECONCILIATION

Review the Bank Reconciliation Cutsheet