|
|
|
 |
BACS Reconciliation Program |
|
Bankers
Automated
Clearing
Services
Cognitronics have developed a program that relieves the problem of reconciling BACS files to received statements.
A BACS file from the bank normally consists of an Amount and some sort of reference of the Payee.
The problem most organisations experience is how do they know if they have been paid for a particular invoice.
Cognitronics have developed an application that imports the BACS file directly and also allows input of data from scanned statements. The Cognitronics Reconciliation Program performs an action where the BACS file and statements are reconciled against each other automatically where possible and allows manual reconciliation of multiple payments or statements.
Once reconciled a file can be uploaded to the organisations Purchase Ledger, stating full or partial payment of the original invoices and/or statements.
|
|
|
