The bank reconciliation process on greekbill offers several advantages including:
- On-platform module that makes it very easy and straightforward to reconcile transactions
- Detecting errors such as double payments, missed payments, calculation errors, etc.
- Tracking and adding bank fees and penalties in the books
- Spot fraudulent transactions and theft
- Keeping track of accounts payable and receivables of the business
Bank reconciliation done through greekbill is more accessible and error-free. The bank transactions are imported automatically allowing you to match and categorize many transactions at the click of a button. This makes the bank reconciliation process efficient and controllable.