Resources for Bank Reconciliation Software

Programs for managing bank reconciliation.
Accounting Spreadsheets and Calculators

Sources of spreadsheets and calculators for accounting. more »

Call Accounting Software

Business directory to call accounting software. more »

Accounting Database Software

Offering industry database software. more »

Accounting Software

Business directory of software for accounting and accounting software system providers. Quickly find small business accounting software for your financial management and bookkeepin… more »

Accounts Payable Software

Vendors of accounts payable software and bill management solutions. Research accounts payable system providers offering small business accounts payable programs. Find account payab… more »

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Accounts Receivable Software

Providers of accounts receivable software for managing payments. Review A/R software vendors offering accounts receivable software applications for small to mid-sized businesses. I… more »

Bank Reconciliation Software Key Terms

Bank reconciliation software works by taking data from bank statements and comparing it to a company's general ledger. Items are matched between the two sets of data to show which checks and transactions have cleared, and to find entries that are not reconciled. To be effective, bank reconciliation software must be compatible with your existing financial and general ledger software, comply with auditing and government regulations and provide adequate reporting and security. Get to know the key terms used in bank reconciliation software to find the right application for your needs.

SAS 70 standards

Statement on Auditing Standards (SAS) No. 70, Service Organizations, is an auditing standard that was developed by the American Institute of Certified Public Accountants. SAS 70 standards are used to establish control objectives and control activities for information technology, including data storage and reconciliation activities.

Sarbanes-Oxley compliance

The Sarbanes-Oxley Act of 2002 sets extensive reporting and recordkeeping requirements on all publicly-traded companies. Bank reconciliation software requires extensive reporting and security to be Sarbanes-Oxley compliant.

Hosted

Hosted software resides on a remote server and is accessed on demand over the Internet. One of the benefits of hosted software is that a company does not have to purchase and maintain software and hardware to run the program.

Retail

Retail bank reconciliation software is helpful when there is more than one store or a chain of stores, since it tracks deposits and accounts by each store. It allows managers at all levels to check data for each store.

Matching rules

Bank reconciliation software uses rules to match transactions with ledger entries. It may use the check number, monetary amount, other variables or a combination of factors.

Bank reconciliation journal

A bank reconciliation journal lists items that are included on a bank statement, but not recorded in the general ledger. The adjustments include the bank service charges, fees and earned interest.