Streamline Bank Reconciliation with Cashbook Automation

July 16th, 2024

About Bank Reconciliation

Streamlining Your Bank Reconciliation Process with Automation Bank reconciliation is a critical process for any business, ensuring that the transactions recorded in your financial statements match those in your bank account. While essential, this task can be time-consuming and prone to errors, leading to potential financial discrepancies and wasted resources. ...
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February 10th, 2023

Cashbook’s New Interface

Our technical and design teams here at Cashbook have been working on a complete, ground up redesign of the user experience and user interface for Cashbook for nearly a year. We’re delighted to announce that the new interface is now available with the latest release of the V6 platform. We ...
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February 8th, 2023

For the very first time we are going to Catex!

From the 21ST – 23RD of February, it will be Cashbook’s first time at Catex, Ireland’s largest foodservice and hospitality event taking place in the RDS, Dublin. CATEX, Ireland’s largest foodservice and hospitality event, returns to the RDS, Dublin from 21st –  23rd February 2023, with a firm focus on ...
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May 25th, 2022

An accountant’s journey toward Digitization

Jim was a financial accountant, a whiz in Excel, budgeting, and planning. After years of working in product costing, he was “promoted” to Treasury Assistant. The world of Treasury was hugely exciting to Jim but he was warned by the previous incumbent that the bank reconciliations, a key part of the job were soul-destroying.
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August 14th, 2020

Bank Rec automation improves cash position and cash flow

Cash is the lifeblood of any business, if cash dries up then a company will eventually die. Bank reconciliations (bank rec) are hugely important in maintaining internal control along with a steady and consistent cash flow. Cash flow is separate from cash position, as having cash on hand is important ...
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August 10th, 2020

Three Key Challenges of Bank Reconciliation

As we know, a successful bank reconciliation (bank rec) is very hard to achieve for any company. Especially when the bank rec is done manually, there are multiple challenges and roadblocks that stand in the way of a successful completion. Bank recs are a very useful financial control tool, which ...
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December 16th, 2019

Bank Rec Automation – what you need to know

What is Bank Reconciliation? A bank reconciliation (bank rec) is where a company completes a comparison of the cash balances on their general ledger (GL) against their current bank statement information. Any differences in amounts need to be accounted for, and when the two sides are evenly matched the accounts ...
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June 14th, 2019

Use of QR codes in Cash Automation

What is a QR code? The use of QR codes in Cash Automation is an interesting development. A QR code is a type of matrix barcode. QR codes can store information in both horizontal and vertical directions. This allows them to potentially hold a huge amount of information. QR codes ...
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September 18th, 2018

Robotic Process Automation in Finance & Accounting

This article will explain in basic terms what Robotic Process Automation (RPA) technology is, and its role in the accounting industry. We will see how RPA has advanced to streamline current accounting processes, and what to expect from RPA technology in the future. What is Robotic Process Automation? When people ...
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January 9th, 2018

Canada changing payments landscape with ISO 20022

What is the ISO 20022? ISO 20022 is an international payment messaging standard that supports electronic payments. The global payments eco-system is changing drastically. The ISO 20022 standard is widely considered an essential component to modernizing the global payments infrastructure. The financial world is moving towards a unified system that ...
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