Accounting ERP Module
Manage general ledger, payables, receivables, journals, and financial statements.
Book a demo of AccountingModule overview
Enterprise financial suite featuring double-entry bookkeeping, bank statement import with suggested matches & reconciliation, multi-currency ledger, tax compliance, fixed deposit & investment tracking, full fixed asset lifecycle management, budget planning, and multi-entity group consolidation.
Importing and reconciling a bank statement
Upload your bank statement as an Excel or CSV file, and Winlium suggests which book entry each statement line matches, using the amount and date. You confirm each match, finish the reconciliation, and Winlium saves it with the statement balance, book balance and any difference.
- Who
- Accountant
- What you need
- A bank account set up in the chart of accounts, and the statement exported from your bank as Excel or CSV.
- Upload the statement. Winlium reads the date, description, reference, money-in and money-out columns using common bank column names, such as Narration, Withdrawal and Deposit.
- Each statement line is compared with unreconciled entries on that bank account. When the amount matches and the dates are within 15 days, the closest entry is suggested.
- Review the suggestions and confirm the correct ones. Lines with no match stay marked as unmatched for follow-up.
- Complete the reconciliation. Winlium saves the statement balance, the book balance, the difference, and who reconciled it and when.
- The bank reconciliation report shows book against statement balance, with the outstanding items.
Result: Reconciled transactions marked on the books, a saved reconciliation record, and a report of anything still outstanding.
Good to know
- Statements are imported from files. Winlium doesn't connect directly to bank feeds.
- Matching uses amount and date, not the reference, and each statement line matches one book entry. One deposit covering several invoices has to be matched by hand.
- Unmatched statement lines don't create book entries automatically. Post bank charges and similar items yourself, then match them.
- Statement column names must be among the common names Winlium recognises. There is no custom column mapping.
Core strategic benefits
- Close financial books up to 70% faster every month
- Complete audit trails and zero manual journal posting errors
- Consolidate multiple entities and currencies into one real-time financial picture
Capabilities & functional features
- General Ledger with flexible Chart of Accounts
- Accounts Payable & Receivable automation
- Bank statement import (Excel or CSV) with suggested matches you confirm, plus reconciliation history reports
- Multi-currency conversion with live exchange rates
- Full fixed asset lifecycle: depreciation, disposal, impairment, revaluation & transfer
- Multi-entity group consolidation (Balance Sheet, P&L, Cash Flow, Trial Balance)
- Budget planning with revised-budget history and executive-summary reporting
- Tax compliance: VAT, WHT, CIT & excise tax setup, withholding on bills and payments, and tax reports
- Fixed deposit & investment tracking (fixed deposits, treasury bills, bonds) with maturity alerts
- BID (Business Intelligence Dashboard) for real-time financial insight
- Detailed financial reports, including General Ledger Detail, with a transaction audit trail
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Accounting: common questions
Which bank statement formats can we import?+
Excel (.xlsx, .xls) and CSV files. Winlium recognises common column names such as Date, Narration, Reference, Withdrawal and Deposit.
Does Winlium match transactions automatically?+
It suggests matches by amount and date, within 15 days, and you confirm them. Nothing is reconciled without your confirmation.
Can we undo a reconciliation?+
Yes. Voiding a saved reconciliation marks its transactions as unreconciled again, and the void is recorded.
Can we see when each bank account was last reconciled?+
Yes. Each account has its reconciliation history and last-reconciled date.
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