Bank Reconciliation in Microsoft Dynamics GP

Updated July 27, 2024 · Originally published March 17, 2014

The Bank Reconciliation module for Microsoft Dynamics GP enables you to create, manage, and reconcile your checkbook ledger to the bank's account records with a single, automated process across multiple currencies. Optimize account reconciliation with customizable reports in paper or online formats, as well as a suite of standard reports such as checkbook list, checkbook register report, and bank distribution history. Tight integration with other Microsoft Dynamics GP modules, including General Ledger, Receivables Management, Payables Management, and Payroll, enables you to enter data one time to provide accurate and up-to-date information throughout your business management solution.
You can manage all of your bank-related activity through a single automated process, including bank account balances, automated reconciliation, and cash, check, and credit card transactions. From one window, you can view summary information, mark transactions that need further attention, and drill down for more detail.
This is smooth and easy reconciliation. Use intuitive customizable transaction views, summaries of important information, historical balance inquiries, automated prompts for reconciliation reports, and effortless tools to sort and mark transactions. Automation and a straightforward, consistent process will lower your administrative costs and give your staff more time for other tasks. Particularly when handling multiple accounts, the Bank Reconciliation module alone will give you a solid return on investment.
Gain tighter control of bank reconciliation processes. You can set defaults and choose between transaction types, including checks, receipts, and adjustments. A customizable transaction view enables you to choose the type of transactions you want to enter. You can also print or record checks in Bank Reconciliation for one-time vendors. It's bank reconciliation done the right way: quickly and painlessly.
MIG & Co. is a professional consulting firm that specializes in the implementation of business management software solutions, including Microsoft Dynamics GP, Microsoft Dynamics SL, and Microsoft Dynamics CRM. We automate business processes to ensure that our customers work efficiently. MIG is a Microsoft Dynamics Gold Certified Partner.

by MIG & Co.