MULTIPLE COMPANIES / MULTIPLE BANKS
MARK SYSTEMS' IHMS homebuilder
accounting software is designed for residential builders and developers
of any size. Supporting up to 1,000 separate entities, each entity can
have as many as 60 separate bank / checking accounts. The Bank Reconciliation
module makes month end cash reconciliation fast and easy by including
every cash transaction, including journal entries, deposits, checks, transfers,
and cancelled / reversed transactions. Easy import of electronic bank
statements simplifies the process even further. And of course, reconciling
entries for interest earned, interest charged and bank fees are automatic.
SINGLE DATABASE, REAL TIME INTEGRATION
Using the same industry standard SQL data base as all other modules in
the Integrated Homebuilder Management System, Bank Reconciliation provides
real-time information at any point during the month. Part of the Accounts
Payable module in MARK SYSTEMS homebuilder software, users can leverage
the information entered within IHMS when processing their bank reconciliation.
All items that are posted to the bank’s general ledger account will
be tracked within the bank reconciliation program regardless of its origin
(i.e.
Check Processing,
Cash Receipts or
Journal
Entries). The Bank Reconciliation MARKdocs provides step by step instructions
for this process.
The Bottom Line: MARK SYSTEMS Bank Reconciliation improves cash
management, speeds period end processing, and bank statement reconciliation.