Bank account reconciliation
Requirement
In this country, the reconciliation of transactions from the bank with transactions in the general ledger is a common process.
M3 solution
In 'Bank Statement Reconciliation. Open' (ABS180), users can start the automatic bank statement reconciliation process. The API ABS180MI is used to upload the Microsoft® Excel® files from the bank to M3. Transactions in M3 are reconciled with transactions from the bank. If a match is found for a transaction, then the transaction is automatically reconciled. Users can manually match unreconciled transactions. Users can configure automatic reconciliation depending on information delivered by the bank.
Configuration guidelines
See ‘Automatic Bank Statement Reconciliation Setup’ in the M3 Business Engine User Documentation Infocenter.