Nolan Advanced Bank Reconciliation – Dynamics GP Product Reviews #3

About Product Reviews

There are thousands of Dynamics GP products, adding value to GP’s built in functionality. Our aim with the Product reviews is to highlight some of the popular GP products.

In order to make the reviews unbiased, each review will carry references of the products from newsgroups. In response to questions in various groups, GP experts and MVPs often give their unbiased views about products. We have our list of Dynamics GP experts, most of whom have been recognized by Microsoft for their work with the community. We researched how often these products were referred to in the community by these experts. The discussions related to this product are referenced below.

Advanced Bank Reconciliation – How this product helps

Nolan Advanced Bank Reconciliation provides an alternative, automated bank reconciliation module for companies with a high-volume of transactions, multiple bank accounts and/or multiple general ledger accounts that need to be reconciled for point-in-time balanced bank statements and audit trail capabilities.


How this product helps

This product enables:

  • Electronic bank statements import in multiple formats including CSV and BAI.
  • Automatic reconciliation of posted GL transactions with or without GP Checkbook IDs to an imported bank statement.
  • Support to multiple general ledger accounts assigned to each bank account.
  • Flexible user-based automatic-matching and grouping rules.

Which Requirements does this product help meet

This third party product is referenced in case of following requirements:

  • Option to import bank statements.
  • Option to record the adjustments without voiding the original receipts.

Website and Trial Download

Website: http://www.nolanbusinesssolutions.co.uk/sitepage/advanced-bank-reconciliation/

Trial: Unlimited Trial with Sample Company Fabrikam available:
http://www.nolanbusinesssolutions.co.uk/sitepage/nolan-products/

References to Advanced Bank Reconciliation from Newsgroups/Community 

Disclaimer – Please refer to the complete discussions, we have put in excerpts below just for reference.
Reference #1

Q: We just began receiving our cleared checks from Chase bank in a file and I was wondering is there any way we can automatically import into GP directly.

A: – Advanced Bank Reconciliation from Nolan Computers
Mariano Gomez

http://groups.google.com/group/microsoft.public.greatplains/browse_thread/thread/bdd1760629fe4f1f/830e7370b13a9d03?lnk=gst&q=nolan#830e7370b13a9d03

Reference #2

Q: Does anybody know of a third party bank reconciliation module that bolts into GP? We needs something that can tie into our banks directly – get real time numbers, do postings etc…
A:  You can take a look at a product from Nolan Computers.
Charles Allen, MVP

http://groups.google.com/group/microsoft.public.greatplains/browse_thread/thread/c246990f747b7b2d/c3152f121c5a4204?lnk=gst&q=nolan#c3152f121c5a4204

Reference #3

Q: The client is looking to extend the functionality of Bank Recon to record the adjustments without voiding the original receipts so that they can proceed with Bank recon.

A:  One workaround I found is to use Nolan Advanced Bank Reconciliation where it gives the flexibility to edit the numbers in Recon screen if we choose the same in Set up options.

Janakiram M.P.

http://social.microsoft.com/Forums/en-US/partnerdynamicsgp/thread/ad8d9a36-3bb1-475d-ac3a-df0499109b71

Reference #4

Q: We just recently decided to reconcile the bank statements via code as they are no longer sending us a printed document but instead a file…

A: I’d suggest looking at Advanced Bank Reconciliation module from Nolan Computers for easy Bank Rec which we have deployed in one of our client places. This Module offers very easy bank reconciliation inside GP and a complete ease of importing bank statements.

Janakiram M.P.

http://groups.google.com/group/microsoft.public.greatplains/browse_thread/thread/d3c39b95549a16b6/39a3c74b8bf1770b?lnk=gst&q=nolan#39a3c74b8bf1770b


Installation and configuration

1. Run Installer and complete wizard

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2. Include new code

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3. Install Nolan ABR tables

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4. Register ABR

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5. Install SQL tables

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Setup

1. Setup the basic functionality of ABR

Tools >> Setup >> Financial >> Advanced Bank Reconciliation

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2. Setup Bank Account

Tools >> Setup >> Financial >> Advanced Bank Reconciliation >> Bank Setup

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3. Create Import Format for Bank Statement

Tools >> Setup >> Financial >> Advanced Bank Reconciliation >> Statement Import Format

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Features

Imports electronic bank statements in multiple formats including CSV and BAI
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Includes user based automatic-matching and grouping rules.

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Automatically reconciles posted GL transactions with or without GP Checkbook IDs to an imported bank statement.

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Supports multiple General Ledger accounts assigned to each bank account.

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