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Average Ratings 0 Ratings

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ease
features
design
support

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Description

To initiate a reconciliation, one should start by examining the closing balance of the General Ledger in comparison to the sub-ledger or other pertinent documents, which may include bank statements or third-party records. Any discrepancies identified between these sources must be thoroughly investigated, measured, and resolved whenever feasible by making the necessary adjusting entries in either the general ledger or sub-ledger. It is also essential to document any anomalies as reconciling items to maintain transparency throughout the process. Ultimately, the balances should align perfectly and be substantiated with all accompanying documentation linked to the reconciliation. The review process is crucial for confirming the completeness of the reconciliation, and incorporating an additional approval layer can enhance confidence in its accuracy. Moreover, establishing a robust framework along with a standardized process can significantly streamline and enhance the efficiency of the reconciliation process at the end of each month. This not only fosters consistency but also aids in identifying potential issues much earlier in the cycle.

Description

distrib-u-tec serves as a comprehensive ERP accounting solution, enabling seamless access to information from various open protocol applications. This system is designed for efficient data management, allowing for single-entry data input, which subsequently becomes accessible throughout the integrated components of the platform. Real-time updates ensure that sub-ledger information, such as account balances and product availability, is always current. The software reduces the burden of month-end or cut-off tasks, facilitating the posting of entries to any period within the current fiscal year while providing users with control over period closures. All data is stored within a transaction table, making it easy to audit by various criteria such as batch, source, date, and control numbers. A complete audit trail for both GL and inventory transactions is consistently maintained, ensuring transparency. Users can explore every detail of transactions without any hidden information, guaranteeing clarity and comprehensive insight into the underlying data. Additionally, this system enhances operational efficiency by streamlining processes and minimizing administrative overhead.

API Access

Has API

API Access

Has API

Screenshots View All

Screenshots View All

Integrations

No details available.

Integrations

No details available.

Pricing Details

No price information available.
Free Trial
Free Version

Pricing Details

No price information available.
Free Trial
Free Version

Deployment

Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook

Deployment

Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook

Customer Support

Business Hours
Live Rep (24/7)
Online Support

Customer Support

Business Hours
Live Rep (24/7)
Online Support

Types of Training

Training Docs
Webinars
Live Training (Online)
In Person

Types of Training

Training Docs
Webinars
Live Training (Online)
In Person

Vendor Details

Company Name

RecWise

Founded

2017

Country

Australia

Website

www.recwise.com

Vendor Details

Company Name

InterSect Business Systems

Founded

1996

Country

Canada

Website

www.distrib-u-tec.com

Product Features

Audit

Alerts / Notifications
Audit Planning
Compliance Management
Dashboard
Exceptions Management
Forms Management
Issue Management
Mobile Access
Multi-Year Planning
Risk Assessment
Workflow Management

Product Features

Food Service Distribution

Costing
Customer Management
Import / Export Management
Inventory Management
Lot Tracking
Order Management
Picking & Routing
Purchasing
Quotes / Estimates
Traceability
Vendor Management
Warehouse Management

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