Bank reconcile - approvals and log
For stronger internal controls, our auditors recommended the addition of two pieces to the Bank Reconciliation process in CSuite:
Approvals, to support our actual workflow. We have one team member that reconciles the account, and another that approves the work. It would be wonderful if we could enable approvals like we can with Vouchers or other areas of the system.
Log, showing the date/time and username who processed the bank rec. If approvals were turned on it could document when each step happened. Rather than only being able to see a history report that it was done, we need to know when it was done, and it would be helpful to see a record of any changes that may have necessitated "unreconciling" and reconciling again.
Many thanks for your consideration.
Rachel
shared this idea
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Trina Bowling
commented
Can someone possibly update us on the status of this? We recently had our auditors in and they have asked again if this is something that we might be able to do soon? We/they like the idea of doing the recon's in CSuite, but without that approval capability, we are missing a critical step in the Internal Controls and separation of duties process. If this could work in much the same way as the voucher approval process, this would be very helpful. Thank you.
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Christina Agapito
commented
This would be very helpful for our processes.