Track your cash flow with efficient Bank Reconciliation

Bank reconciliation is one of the most important process for book keeping and managing your business. Reconciliations detect and prevent intentional fraud, as well as errors made by cashiers, accountants, employees and management.

Why should I reconcile my bank?

Bank reconciliation ensures that all your transactions have been counted and that your accounts are correct and up-to-date. Without that, it would be difficult to really know if your accounts were accurate. This can have a negative impact on important
management reports such as your profits and losses

By reconciling your bank regularly, you will find it easier to identify anomalies, such as unauthorized transactions. It's easy to understand why most businesses will make sure to reconcile their bank accounts on a regular basis. Zeldesk’s Bank Reconciliation module is a fully integrated smart feature for automatically reconciling bank accounts and other accounts on which you have the ability to reconcile electronic data. Save up to 95% of your reconciliation time. You start by importing the bank statement you receive from your online bank for a month or more in the form of a csv excel file. Select the month you want to reconcile, select the automatic reconciliation option.

Select your matching criteria. Similarly, if you want to reconcile a bank entry with multiple system entries and vice versa. If the imported account statement entries include interest or charges that have not been saved in the system, you can process them in your bank reconciliation screen using the Transfer menu option, as well as any customer or vendor payment. Any unmatched items on the system side that are not yet listed on your bank statement can be carried forward to the next period

Reconcile your bank made easy

There is no limit to the number of transactions that can be reconciled in one go. However, to make things easier for you, we recommend using the bank statement import feature in Zeldesk for large numbers of transactions. The number of transactions that can be reconciled at one time is unlimited. However, for your convenience, we recommend to use the account statement import feature for large number of transactions. Our unique interface allows you to clear bank transactions and facilitate quick reconciliations with minimal data entry. Audit trail features allow you to track changes throughout the reconciliation process to keep accurate, up-to-date information.

accounting software
  • Speeds up the bank reconciliation process
  • Import a bank statement to match transactions
  • Create missing transactions from your statement
  • Reduces the risk of human error
  • Makes it easier to reconcile foreign currency transactions

Zeldesk has got you covered !
All the features you need for a fast bank reconcilation

accounting system

Multiple bank accounts

What happens if you want to reconcile multiple bank accounts? No problem: With Zeldesk, you can set up as many bank accounts and reconcile them as required


accounting cloud

The bank statement import
feature

Import your bank statement and ZELDESK will automatically match the transactions on your statement with your accounts. This will make your business more efficient by saving time and reducing human error. The account statement import feature is available to all Zeldesk customers. It is compatible with banks that produce bank statements in CSV file format. We advise you to contact your banking provider to find out if this option is available.


KEY BENEFITS

  • Enhanced visibility of entire banking transaction breakdown
  • Easily attach supporting documents to bank reconciliations
  • Easily run bank reconciliation reports

Reconciliation reports

When you have finished reconciling accounts, Zedesk automatically generates a reconciliation report. It summarizes the start and end balances and lists the transactions that were cleared and those that were not cleared during reconciliation. This report is useful if you have trouble getting close to the next month.


Supports multiple bank accounts:

What happens if you want to reconcile multiple bank accounts? No problem: With Zeldesk, you can set up as many bank accounts and reconcile them as required

Easily identify discrepancies

Variances occur. Several reports, such as the reconciliation discrepancy report, the missing verification report, and the detailed transaction report, can help you quickly identify discrepancies.

Work with your accountant

Give your accountant direct access to your books so that your accountant can find the reports and information they need as and when questions arise. Create a separate login for your accountant so that they can work more easily with you.

BANK RECONCILIATION REPORTS

DRILL DOWN ON UNRECONCILED TRANSACTIONS

Run bank reconciliation reports for each financial account. Drill down and find unmatched transactions and see unreconciled transactions by type – check or deposit. Export bank transaction reports for Excel, as CSV or PDF.

Frequently Asked Questions

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Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in

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