Reconciliation

In order to track discrepancies between set to contain values of cash and actual cash movements and counting, the Accounting Management - Reconciliation module combines data from several sources and flags the discrepancies. The reconciliation process is applicable to the cash positions and cash transactions within the cash supply chain relating to cash centres, CIT’s and cash points e.g. ATM’s, retail shops & tills and cash deposit machines. The reconciliation allows for cash and risk management and is the source for further processing of cash transactions using the Accounting Management - Settlement module. The functionality consists of a four-level reconciliation based on balances and movements of physical cash, administrative cash and information on stock in cash points. The reconciliation covers the entire replenishment process, combines cash point information, cash centre information and CIT information, and provides the cash manager with an exception based management tool and views on cash flows.