Get Smarter
Bank Reconciliations
with XLRS Apps
for Salesforce ERP

Innovation
Built-in

XLRS Banking Automation automates the collection of your bank statement activity by connecting to your bank either directly or through one of the many banking data intermediaries like Plaid, Yodlee, Investec, etc.

Connecting and retrieving bank statement data is often seen as an improvement and big win for the accounting team. It’s what comes next that really gets you excited.

Automated Business Rules

Automated business rules identify deposits and code them to your Customer Account creating an Account-match.

Amounts and dates are used to match with Sales Invoices completing all the hard work of finding what the deposit matches to.

Cash Entries are automatically generated and matched to clear the Outstanding Sales Invoices and bank deposits – automatically.

On demand Reporting

When the work is done you can see exactly how the Certinia GLA for your Bank Account reconciles with the balance as per your statement. All recinciling items are displayed and categorised to satisfy even the most passionate auditor.

Dashboard reporting and Banking Workspace gives you visibility like never before.

What is a Bank Reconciliation?

Think of a bank reconciliation as a friendly little checkup for your business finances. It’s simply the process of comparing your internal financial records (what you think is in your account) with your bank statement (what your bank says is in your account).

Why bother? Well, discrepancies can pop up for all sorts of reasons:

Timing Differences: Maybe you recorded a payment that hasn’t cleared the bank yet.
Deposits in Transit: Perhaps a customer’s payment is on its way to the bank but hasn’t been credited yet.
Bank Fees: Those pesky monthly charges can sometimes catch us off guard.
Errors: Hey, we’re all human! Mistakes happen, both on our end and the bank’s.

A regular bank reconciliation helps you:

Spot Errors: Catch mistakes early before they snowball into bigger problems.
Prevent Fraud: Identify any unauthorized transactions or suspicious activity.
Keep a Clear Picture of Cash Flow: Always know exactly how much money you have available.
Make Tax Time a Breeze: Accurate records make tax preparation much smoother.

For accountants in medium-sized businesses, bank reconciliation is a vital task. It ensures financial accuracy, builds trust with clients, and provides valuable insights into business performance.

Need help streamlining your bank reconciliation process?

Why Automate Bank Feeds?

Tired of Manually Entering Bank Transactions? There's a Better Way!

Say goodbye to tedious data entry and hello to automated bank feeds! Imagine your bank statements flowing directly into your accounting system, with no manual intervention required. Sounds like magic? It’s not!

Automated bank feeds connect your accounting software to your bank accounts, allowing it to automatically retrieve and categorize your transactions. This means:

No More Typos: Eliminate the risk of human error that comes with manual data entry.
Huge Time Savings: Reclaim hours spent on tedious tasks and focus on what matters most.
Up-to-Date Records: Always have a real-time view of your financial position.
Improved Accuracy: Reduce the risk of discrepancies and ensure your books are always balanced.

What will automating my bank feeds give me?

Reconcile Accounts Faster: Matching transactions is a breeze when your data is automatically imported and categorized.
Gain Valuable Insights: Easily track spending patterns, identify areas for improvement, and make informed financial decisions.
Boost Productivity: Free up your team to focus on higher-value tasks like analysis and strategic planning.

Ready to ditch the manual data entry and embrace the future of accounting?

What about Credit Card Transactions?

Don't Let Expenses Slip Through the Cracks

Just like your bank accounts, your business credit cards need regular checkups too. And guess what? You can use the same powerful reconciliation tools to keep your credit card expenses in line.

Why is credit card reconciliation so important?

Catch Errors: Identify incorrect charges, duplicate transactions, or fraudulent activity.
Track Spending: Gain a clear picture of where your company’s money is going.
Manage Cash Flow: Ensure you have enough funds to cover your credit card bills.
Simplify Tax Preparation: Maintain accurate records for effortless tax filing.

With a streamlined reconciliation process, you can:

Identify Spending Trends: Spot areas where you can cut costs and improve efficiency.
Prevent Overspending: Stay on top of your credit card balances and avoid unnecessary interest charges.
Improve Budgeting: Make more informed decisions about your company’s finances.

Don’t let credit card reconciliation become a dreaded chore. With the right tools, it can be a quick and painless process.

Seeing is Believing

You are one step closer to automating your Bank Reconciliation process. Simply enter your details in the form and send them to us and we’ll get in touch with you to organise a Zoom / Teams meeting to help you learn how you can start using automated reconciliations.