Overview

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.

You will definitely be able to add that final edge that you require from an accounting system.

Overview

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.

You will definitely be able to add that final edge that you require from an accounting system.

Bank Formats

You can import your own format into RecXpress or you can choose from over 200 predefined formats already available.

Get a complete list from Peresoft's web site.

Transaction Codes

Templates can be created from the bank's predefined transaction codes.

Default Template

Templates can be created for entries that are repeated each month in your bank statement. You are able to match entries in your bank statement and create default information for these entries:

  • Entry Description
  • Distribution Code
  • Account Code
  • Tax Group
  • Sales or Purchases
  • Distribution Sets for Multiple Allocations
  • Comments 

AR and AP Batches

You can also match entries to your customer and vendor accounts. By matching the bank description the entry can allocate the bank amount to:

  • Prepay
  • Oldest Balance
  • Invoice Number
  • Amount

RecXpress will create batches with these defaults that will be posted all the way through to Accounts Receivable and Accounts Payable.

Multiple Entries

Create multiple entries by using Bank Service's Distribution Sets. Entries like rent information, staff salaries, etc. can be split into multiple details from one bank statement entry.

Category Maintenance

Customise and easily maintain your categories by copying and moving the entries across categories.

Calculates Bank Balance

RecXpress will keep your bank statement correct by automatically calculating the statement balance when importing.

Display Options

Once you have imported the transactions RecXpress will have matched transactions based on the the following criteria:

  • Matched
  • Matched With Error
  • Matched Amount
  • More Than One Amount
  • No Match
  • Many Bank to One Statement
  • Many Statement to One Bank

RecXpress Matching

You can easily match entries manually to your Bank Services entries.

Many Bank to One Statement

Match many Bank Services entries to one bank statement entry.

Many Statement to One Bank

Match many bank statement entries to one Bank Services entry..

RX Category Maintenance

You can edit, move and change your default categories while doing your RecXpress Bank Reconciliation. .

Generate Entries in AP, AR and BK

RecXpress does not only take care of matched transactions, but also unmatched transactions through a Batch Generation feature. Your unmatched entries can be sorted by the category, e.g. bank charges, interest, forex, etc. and separate batches can then be generated.

RecXpress can also generate a batch from the variance amounts that were 'Matched with Error' or let Bank Services do the writeoff.

Post RecXpress Batches

Post RecXpress batches and adjustment batch for unmatched entries. This will make the entries correctly matched..

Autopost RecXpress Batches

Batches generated by RecXpress can be automatically posted in AR, AP and Bank Services providing minimal user intervention.

Post RecXpress

Post the RecXpress reconciliation to reconcile all the posted and matched entries in Bank Services to complete the process to match the balances correctly in Bank Services with your bank statement.

Completed Reconciliation

Once all the entries are generated, posted and matched the balances are correctly matched and the reconciliation is not out of balance.

Bank Formats
Bank Formats
images/recxpressbs/slide1_banks.jpg
Transaction Codes
Transaction Codes
images/recxpressbs/slide2_transcodes.jpg
Default Template
Default Template
images/recxpressbs/slide3_comparemethod.jpg
AR and AP Batches
AR and AP Batches
images/recxpressbs/slide4_apdefaults_2.jpg
Multiple Entries
Multiple Entries
images/recxpressbs/slide5_distsets.jpg
Category Maintenance
Category Maintenance
images/recxpressbs/slide6_defaultmaintenance.jpg
Calculates Bank Balance
Calculates Bank Balance
images/recxpressbs/slide6a_statementbalance.jpg
Display Options
Display Options
images/recxpressbs/slide7_displayoptions.jpg
RecXpress Matching
RecXpress Matching
images/recxpressbs/slide8a_matchentries.jpg
Many Bank to One Statement
Many Bank to One Statement
images/recxpressbs/slide9_manycb.jpg
Many Statement to One Bank
Many Statement to One Bank
images/recxpressbs/slide10_manybank.jpg
RecXpress Category Maintenance
RecXpress Category Maintenance
images/recxpressbs/slide8_updatetemplate.jpg
Generate Entries in AP, AR and BK
Generate Entries in AP, AR and BK
images/recxpressbs/slide11_createcbbatch.jpg
Post RecXpress Batches
Post RecXpress Batches
images/recxpressbs/slide12_postbatches.jpg
Autopost RecXpress Batches
Autopost RecXpress Batches
images/recxpressbs/slide11a_autopostbatches.jpg
Post RecXpress
Post RecXpress
images/recxpressbs/slide13_postrecxpress.jpg
Completed Reconciliation
Completed Reconciliation
images/recxpressbs/slide14_complete.jpg