You use the Bank Reconciliation System (BRS) to reconcile Cash Book entries (deposits and withdrawals) to the corresponding bank statement entries using an import file.
The first phase of the program converts the electronic statement as received from the financial institution and validates the entries held in the import file. The second phase compares the entries in the import file to the entries residing in the Cash Book transaction detail file, and flags corresponding entries as reconciled in the Cash Book transaction detail file.