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Merged idea

This idea has been merged into another idea. To comment or vote on this idea, please visit ACU-I-1529 Bank Reconciliation Report.

Bank reconciliation format - make industry standard Merged

The bank rec format is different than every other accounting program I have used, and is non standard. Using the standardized format will facilitate review by managers and outside auditors

  • Guest
  • Jun 23 2015
  • Shortlisted
  • Bill Stewart commented
    7 Oct, 2019 06:01pm

    The Acumatica Bank Reconciliation report is horrible.  Auditors will not accept it.  It is not typical of what is used here in the U.S.  Most systems generate a Bank Rec report that displays Bank Statement Balance + Deposits Intransit - Outstanding Checks = Adjusted Book Balance.  The report includes cleared/reconciled transactions as well as unreconciled transactions on the same report.  In Acumatica you would need to generate 2 separate reports for cleared/reconciled items and unreconciled items.  The Acumatica Bank rec reports are very confusing.

     
  • Guest commented
    13 Feb, 2019 07:47pm

    All of our clients have complained about the Acumatica Bank Reconciliation format and several have told us that their auditors will not accept it.  It is not typical of what is used here in the U.S.  Most systems generate a Bank Rec report that displays Bank Statement Balance + Deposits Intransit - Outstanding Checks = Adjusted Book Balance.  The report includes cleared/reconciled transactions as well as unreconciled transactions on the same report.  In Acumatica you would need to generate 2 separate reports for cleared/reconciled items and unreconciled items.  Also users find the Acumatica Bank rec reports very confusing.

  • Sergey Vereshchagin commented
    15 Aug, 2017 08:22am

    The only problem is what is Industry Standard for Bank Reconciliation report. Which bank in which country....