The Check Reconciliation system will save you lots of time compared to reconciling the bank manually. This is because the system requires no manual data entry. The check entries are created by the Accounts Payable and Payroll "Print checks" programs. The deposits entries are created by the Accounts Receivable "Recap" program. Miscellaneous entries are created from General Ledger transactions by the General Ledger "Generate C/R transactions" program.
The reconciling process is quick and easy to use. You can close any number of transactions with a single keystroke. Our method is simply a better way of reconciling the bank.
The Starr Computer Systems, Inc. Check Reconciliation System is a powerful, multi-company, multi-checkbook system. The Check Reconciliation System is used to track checks and deposits made against your bank statement until they are reconciled against your bank statement. The Check Reconciliation System can optionally interface with the General Ledger, Accounts Receivable, Accounts Payable, and Payroll systems.
The Check Reconciliation System is designed to:
Particular features of the Starr Computer Systems Check Reconciliation System include:
The Check Reconciliation System operates with a Control file and a Transaction file. The Control file contains statement balances and dates, and the transaction date range. The Transaction file contains the checks and deposits made against the checking account. If you are using the associated accounting module, the transactions are automatically created for you; otherwise, they can be entered manually.
The Transaction file contains transactions for an unlimited period, but is usually for an accounting year. One record is maintained for each check or deposit. The transactions in the Transaction file are maintained through the "Transaction file maintenance" program. Transaction listings can be generated using the "Transaction file report" program.
The "Reconcile transactions" program reconciles the transactions against your bank statement. It provides a quick and easy way to scroll through the transactions, and mark the transactions as open, closed, or void. It displays closed transaction totals, the bank statement totals, and the reconciled difference.
The "Account inquiry display" program provides an easy way to scroll through the transactions on the terminal screen. The "Transaction file report" provides a listing of the transactions by various selection criteria. The "Balance summary report" provides a report format similar to those found on the back of a bank statement. The "Purge transactions" program is used to delete reconciled transactions.
The Check Reconciliation System contains eleven programs which collectively perform the creating, maintaining, updating, and report generating functions of the system. Each major program is briefly described below.
To
Starr Home Page