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Our client is really struggling with bank rec. they are over a year behind due to the tangled mess of CC/cash/checks/returns for 65 stores with different rates of deposit. They've tried using Nolan Advanced Bank Rec and couldn't get it to help solve the problem. Ideas?
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Only suggestion I have is to start from scratch. Basically, think of it this way, reconciling 1 year of bank rec is going to be a time consuming process. Cut your losses. Clear all the CM Transaction tables then run a blind reconcile as of the last bank statement cut off date and adjust any difference as an in/out to your cash account. Then adjust the cash account to reflect the bank statement plus any outstanding checks or deposits as of that date. Then start from there.
Ah !
At second reading, I realize that .. Though it says "They tried to use ABR, but struggled to make it work".. Maybe it's a training issue?
Beat,
Alas, that's the product the OP said the client is struggling with :-)
Id' suggest to look in a tool like Advance Bank Reconciliation from Nolan Computer Solutions.. Their product is great in matching various source of bank data to match straight with your GL accounts..
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