http://www.opendoor.ca Just another WordPress weblog Thu, 19 Jan 2012 16:10:19 +0000 hourly 1 http://wordpress.org/?v=3.0 http://www.opendoor.ca/products/dynamics-modules/auto-bank-rec/#comment-10 “Add On” to the Functionality of your Accounting Software: Microsoft Dynamics NAV Modules - Accounting Software Blog - Finance - Microsoft Dynamics Community Fri, 21 Jan 2011 15:07:45 +0000 http://beta.opendoor.ca/?page_id=86#comment-10 [...] Reconciling bank transactions is a critical component of your accounting processes. Bank information needs to be accurate to ensure the organization doesn’t lose track of cash, the life blood of an organization.  Despite its importance, bank reconciliations are often the last task carried out by the company accountant.  For companies running in an overdraft position or with limited working capital, this is a dangerous situation to be in.  The Auto Bank Reconciliation module for Microsoft Dynamics NAV automates the process of clearing checks and deposits from transaction files imported from banks, which reduces the risk of error and significantly shortens the time required to reconcile the bank accounts.  If the organization has a number of bank accountants and perhaps a number of companies, the time savings add up very quickly.  One of our larger clients added the Auto Bank Reconciliation module and changed a process that previously took 4 days per week to complete and now takes just half a day instead.  By any standard measure of ROI, that is an excellent return on an investment of a few thousand dollars. [...] [...] Reconciling bank transactions is a critical component of your accounting processes. Bank information needs to be accurate to ensure the organization doesn’t lose track of cash, the life blood of an organization.  Despite its importance, bank reconciliations are often the last task carried out by the company accountant.  For companies running in an overdraft position or with limited working capital, this is a dangerous situation to be in.  The Auto Bank Reconciliation module for Microsoft Dynamics NAV automates the process of clearing checks and deposits from transaction files imported from banks, which reduces the risk of error and significantly shortens the time required to reconcile the bank accounts.  If the organization has a number of bank accountants and perhaps a number of companies, the time savings add up very quickly.  One of our larger clients added the Auto Bank Reconciliation module and changed a process that previously took 4 days per week to complete and now takes just half a day instead.  By any standard measure of ROI, that is an excellent return on an investment of a few thousand dollars. [...]

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