Congratulations to Sherri Cassidy who won the IPad2 drawing at the 2011 GFOA Conference!
How it works - FAQ
What is Clearrec?
Clearrec is a program that is used as a tool to perform a bank reconciliation between an accounting system and a bank statement/website.
What does Clearrec do?
In a clear step-by-step process, clearrec helps you find differences between an accounting system cash account and a bank statement or website as of a certain date.
Why do people generally choose to use Clearrec?
Customers like clearrec because of its approach to learning the program. Most people do not have time to read and interpret a manual. So, clearrec takes a learn-as-you-go approach which trains you while doing your first bank reconciliaton. As well, once you do learn clearrec, you can use it for just about any bank reconciliation. Advanced accountants like Clearrec because it offers features not available in other bank reconciliation programs such as fixing accounting problems on-the-fly.
What is the Pooled Cash Version?
Governments and medium to large enterprises often use one bank accout tied to several account numbers in their accounting system. This is called consolidated cash or pooled cash. This type of arrangement requires a specialized type of bank reconciliation program which can handle multiple accounts. The Pooled Cash version of Clearrec was built from the ground up to be able to handle multiple accounts and does so with ease. It allows you to import multiple accounts and will keep track of the transactions from each account. When an error occurs in the accounting system, it is able to provide adjustments applicable to a pooled cash type of system.
What is this learn-as-you-go approach?
Clearrec takes a step-by-step approach to doing a bank reconciliation. At each step, clearrec offers explanations about what the step requires and how to perform the step. For many tasks, Clearrec offers a video explanation. You learn only what you need for that individual step before you move on to the next task.