It’s the Unexpected that Takes the Time
Processing a bank statement is easy if it’s simply a matter of matching payments to debtors and payments by creditors, but what about all those awkward things? Partial payments, payments that are just a tiny bit wrong, bank charges, interest charges or gains, and so on. All of these require extra journals. But the Bank Payment System does it automatically, as long as you can specify tolerance values and the criteria for recognising special transactions. Let the BPS do EVERYTHING for you!
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