Bank Reconciliations Auditors Can Trust
The bank reconciliation is one of the most important aspects of law office accounting. Monthly bank reconciliation reports are mandatory. And they may help you locate mistakes made by you or your bank. These are also the first set of reports lawyers are asked for during a spot audit. To speed up the bank reconciliation process in CosmoLex, you can import electronic bank statement data (QBO format) and auto-reconcile transactions. (Or you can reconcile manually.) Additionally, you can go back to any prior month, look at a snapshot of transactions exactly the way they were, and reprint previous reports.