Bank Reconciliation in Microsoft Dynamics SL

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Bank account reconciliation is a tedious process, but it is necessary, like going to the dentist. A good dentist works efficiently and with as little pain as possible, and at a reasonable cost; so should your bank reconciliation solution. Think of Microsoft Dynamics SL as a great dentist, making a tedious task easier and faster.

Automating your bank reconciliation process will save a lot of time. The Bank Reconciliation module in Microsoft Dynamics SL delivers a simple approach that enables you to reduce paperwork and to remove as much manual labor as possible from the process. Your accounting staff will be freed up to spend more time on other important tasks.

The module is easy to set up. Define your company's bank accounts, and you can start reconciling. You can optionally include transactions from the General Ledger, Accounts Payable, Accounts Receivable, and Payroll (including ACH/Direct Deposit) modules.

Once set up, bank reconciliation can be done in just three easy steps. First select the period and import cash transactions from the selected modules. The screen is formatted like your bank statement, so it is easy to scan. Review, then clear the checks and receipts in the reconciliation screen. Finally, close the period. That's all there is to it.

The Bank Reconciliation module is fully integrated with the other modules in Microsoft Dynamics SL. You can save time by reconciling multiple modules (as previously listed) in one window. Bank files can be imported to automatically match and clear bank transactions. So Microsoft Dynamics SL makes this tedious task a lot less tedious.

MIG & Co. is a professional consulting firm that specializes in the implementation of business management software solutions, including Microsoft Dynamics GP, SL, and CRM. We automate business processes to ensure that our customers work efficiently. MIG is a Microsoft Dynamics Gold Certified Partner.

by MIG & Co.

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