You can import your own format into RecXpress or you can choose from over 100 predefined formats already available.

Get a complete list from here.

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

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

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.

Create multiple entries by using Cashbook's Distribution Sets. Entries like Salary information, Ras, Staff Medical Aids, etc. can be split into multiple details from one Bank entry.

If the bank amount does not balance exactly to the distribution set the difference will be added to an adjustment account defined by the user.

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

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

• Matched
• Matched In Error
• Matched Amount
• More Than One Amount
• No Match
• Many CB to One Bank
• Many Bank to One CB

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

Match many cashbook entries to one bank statement entry.

Match many bank statement entries to one cashbook entry.

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 each prefix, E.g BC00000121, etc..

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'.

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

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

Import multiple RecXpress bank statements for your Cashbook banks simultaneously. The list is saved by User to enable each user to set up their own list of bank statements to import.