The Reality of Manual Credit Card Reconciliation

1   The Credit Card Statement Arrives. And … GO!

2   Pay Credit Card Company in 30 Days. Period.

3   Are All Purchases on Expense Reports? Probably Not. 

4   Compare Purchases on Statement to Expense Reports.  Again.

5   Notify Employees with Outstanding Card Purchases. Again.

6   Expense Reports Continue to Arrive. Compare to Credit Card Statement. Again. And Again.

7   Create Accounting Entries. Accrue or Not to Accrue?

8   See You Next Month!  :  ( 

 

 The Reality of PivotEQ Automated Reconciliation

1   Compares Purchases on Credit Card Statement to Expense Reports.  Automatically. 

2   Notifies Employees with Outstanding Card Purchases. Automatically. 

3   Continues Comparison of Purchases as Expenses Reports Arrive.  Automatically. 

4   Determines the Correct Accounts for Accrued Expenses.  Automatically. 

5   Creates  Accounting Entries & Correcting Entries.  Click a Button. 

6   See You Next Month!  :  )