If you wish RecXpress to perform a second matching process by Amount (once the Reference Number match is completed) you can select the Match Amounts option for a complete automatic bank reconciliation solution.

You are able to change the display information for the Bank Import by selecting:

• All - all entries imported.
• Correctly Matched - entries that were matched by reference/cheque number.
• Matched with Error - entries that were matched by reference/cheque but the amount was not correct.
• Matched Amount - no reference/cheque match was found but there was one amount found that corresponds with the transaction
• More than One Amount - no reference/cheque match was found but there were several amounts found to correspond.
• Previously Reconciled - the entry was previously reconciled.
• No Match - nothing was found in Cashbook to match by either reference/cheque or amount.

All the data can be displayed in different sequences, including statement page number.

Display only the transactions you want to see, e.g. Cheques, deposits, charges, etc.

RecXpress does not only take care of matched transactions, but also unmatched transactions through a new Batch Generation Feature. Your unmatched entries can be sorted by bank transaction type, e.g. bank charges, interest, forex, etc. and separate batches can then be generated. G/L accounts and source codes can also be added on the fly before batch generation.

RecXpress can also generate a batch from the variance amounts when selecting to display 'Matched with Error'.

Set up Source Code, Account Code, Tax Code and Tax Type defaults, which RecXpress will assign to Bank Statement entries for use in Batch Generation.

Select to import Source Code, Account Code, Tax code and Tax Type fields in addition to the field selection previously available. If you select to import these fields and they contain no information, the default information setup in RecXpress will be assigned to blank fields. The information contained in these fields can be used when generating batches with RecXpress.

When importing Bank Statements, certain transaction types (Bank Charges, Deposits) often have the same reference numbers. RecXpress will generate a sequence of unique reference numbers for different transaction types, saving you the time of editing duplicate reference numbers manually.

RecXpress allows you to keep all the unmatched entries and lets you import your next Bank Statement to continue matching using unmatched entries brought forward.

What has always taken the longest period of time to perform? The Cashbook reconciliation, although extremely versatile, it can still take many hours to balance. By enhancing the import reconciliation function already in Cashbook for DOS and Windows, an automatic match of up to 99% can be obtained using RecXpress.

As Ms Usher of MEC Engineering says, "What took us a day twice a month is now down to 30 minutes a month. All we do is dial into Nedinform, download the statement for importing into Cashbook and Voila, Cashbook is reconciled. I now have my clerk performing more important tasks around the office. This is definitely a winner."

Another user puts it this way, "I now go home on time. RecXpress only takes ten minutes before I go home on a Friday. I do not need to worry about missing those one or two cents. RecXpress takes care of that. A must have!"

Get predefined formats for most major banks in your country. Check out the latest list of bank imports available. This list is increasing all the time as more and more banks take advantage of this new feature and make their interface formats available to Peresoft.

What you need to do to get your bank statement included on the list of formats available for RecXpress.