Bank Reconciliation made redundant
Bank reconciliation module is required when banking is still based on cheques issued and received and it takes banks of both sides several days to clear from one bank to the other. With bank transfer and PayNow, everyone received or pay out from their banks almost immediately. Cheques will be phased out come year 2026 and there will not be any more unpresented payment or receipts in the cash book. Many retails are switching to […]
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