Complexity Simplified

Journal & Expenses Reconciler

Journal & Expenses Reconciler is an easy to use automatic reconciling program that reconciles general ledger and expense accounts.  It reconciles accounts of the same ledger, i.e debit against credit or different ledger accounts.  

The Journal & Expenses Reconciler consists of two files, the credit (file) and the debit (file).  These match electronically. Both the debit and the credit side can be imported from most accounting programmes.   The reconciliation is fully automatic and reconciles 50 pages of transactions in about 2 minutes. The importing of the debits and credits and subsequent running of the reconciliation can be done daily, weekly or monthly. In addition to the automatic reconciliation, the Journal & Expenses Reconciler has a manual reconciliation, which allows for the reconciling of (say) 2 transactions on the debit side against 1 on the credit.    The program has many features, such as handling reversals or discrepancies.  The easy to read reports reflect outstanding amounts as well as the reconciliation summary.    

The monthly processes summarised

1.         Import or capture transactions into the debit (file)
2.         Import or capture transactions into the credit (file)
3.         Run the reconciliation and the clearing of transactions
4.         Run the reconciliation summary and supporting reports
5.         Do the month end close off and the exporting or posting to the general ledger (if required)

How Inyathi ’s Journal & Expenses Reconciler has helped some of our users:

First National Bank (accounting system is a banking system) where they reconcile credit card queries.  The matching criteria is the 16 character credit card number and the debit amount against the credit amount.
Look and Listen use the programme to match advance deposits against actual deposits.  Their accounting programme is Accpac.
Electrolux have 12 GL accounts that have the requirement to match debit ledger accounts with credit ledger accounts.  Before they took our reconciler, this process used to take them in the region of 13 days.  Now it takes minutes.  Their accounting programme is JDE.
Broll Property Group have been using Inyathi ’s cash book to bank statement reconciling programme for some 4 years.  Recently they approached us to reconcile 9 property trust accounts.  They are happy with the time saved and the concise reports.

Reconciliation functionality -The Reconciler has 15 different reconciliation (matching) processes (recon rules), such as:  journal number or reference number or line number or batch number against amount, amount against amount with a tolerance, date and amount,  hunting date and amount,description and amount and many more. 

Inyathi has 3 Reconciling products, namely; cash book to bank recon, creditors invoices recon and the Journal & Expenses recon.  Together they reconcile over 6 000 individual reconciliations per month in the following Industries; Insurance Companies, Manufacturers, Retail outlets, Government Departments, Pharmaceuticals, Hotels, Construction Companies, Motor industry, Computer Companies, Farming, Mining, Local Authorities We have one client with over 650 reconciliation’s, with approximately 750 000 transaction per month.  Another client reconciles over 20 000 transactions per month, for just one recon.

top | products