The Banking application is used to reconcile the bank accounts for a selected property for a specific statement period.
The Banking application is accessed through APPLICATIONS | General Ledger Group | Banking.
In this application, there are 3 tasks the user can accomplish:
1.Reconciliation: Used to reconcile the accounts for a selected property. This tab will show any transactions that have posted to the selected account.
2.Auto Reconciliation: Allows the system to pull in the bank statements for all properties and present anything that has cleared. The management company must be registered with the bank and have set up all the appropriate fields in VMS in order to use this feature.
3.Un-Reconcile: Allows a selected property to be un-reconciled so it can be reconciled again, for any reason.
