Automatic Bank Reconciliation for AR Receipts

Hi,

Our Point of Sales system insert the summarized data into RA interface to generate the AR transactions based on tender type. Example for a day at one business location it generate normally three to four invoices (Cash, Knet,  Credit Card or Credit) with summarized Amount. User run the automatic receipts batches to generate the Receipts against these invoices.

Then Cash Management Accountant manually matches the AR receipts with bank statement. The bank statement has the entries in details for each transaction posted in POS (Point of Sales System).

It is very difficult for CM Accountant to match detail bank statement with summarized AR receipts and find out the POS transaction which was not credited into bank.