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1) Is the module called Bank Rec Module or does it go by a different name? I've been calling it that thinking that's what the component is?The module is called Bank Reconciliation. Since the industry standard is Cash Management - occasionally you will here it referred to as that. However, based on question 4 - you also want to implement Electronic Reconciliation - which is another piece.2) For those that use it, how much does the add on cost roughly? And do you think it saves you a ton of time?
With the current licensing structure, both Bank Reconciliation and Electronic Reconciliation are free. Some choose to add third parties to make it even easier. One we commonly implement is Easy EBank from EPT. The time saved for implementing EPT for my most recent customer was going from 8-16 hours for their operating checkbook to 1-3 hours.3) Can you use the Bank Rec module for all bank recons? Or just the main checkbook you cut all your checks out of, and key in all your deposits?You can do bank reconciliation for every checkbook you have created in Great Plains.4) What format do you have to import your bank statement in?BAI tends to be the standard, but many partners and third-parties can work with others.Hope this helps in your discover.
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