MAXX: Amazingly Simple and Blazingly Fast
Bank Reconciliation is an important process that helps to cross verify its own books of accounts with the bank statement. It is used to ensure that the money leaving an account matches the actual money spent. MAXX provides this facility to reconcile the transaction of the bank book with the bank statement. Companies have to carry out the bank reconciliation process which prepares the statement of accounting for the difference between the balance in the company’s bank account and balance according to the bank statement. This report will be useful when the bank statement doesn't match with the company’s statement and help in significantly planning your payouts. The benefit of the reconciling is to know that the amount of bank balance reported by the company is consistent with the amount of balance shown in the bank’s records. Using of reconcile feature is very easy as the user has to simply mention the date of debit / credit of a particular transaction in the report. This reduces work, errors and most importantly avoids confusions in bank balances in the accounts v/s the actual.
To eases the accounting process
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Contact us @ +91 044–25251692 / +91 09281021307
Send a mail – sales@mbsonline.in
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