Bank reconciliation
Before starting a bank reconciliation, the bank statements have to be imported from the bank into RamBase. When bank statements are imported, the transactions are matched with Payment (PAY) documents recorded in the cash management module in RamBase.
The reconciliation job can be initiated manually or carried out automatically on a regular basis to your company's setup. Regardless of how the reconciliation job is initiated, the reconciliations must be inspected and confirmed manually.
Bank reconciliation must be done prior to period closure.