Automate the reconciliation of your accounts

Yes, Aritma Control allows you to reconcile multiple currencies. The system is designed to handle currency transactions efficiently and provides you with an accurate overview of currency balances and conversions.

Aritma Control is a tool that  helps you keep your accounting in order, including reconciliation and accrual  management. Interim reconciliation can be used to reconcile an account from  the financial records against itself. It is a useful tool for getting an  overview of the balance on an account with many transactions back and forth,  such as advance salaries, expenses, accruals, or other intermediary accounts.

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In Aritma Control, you can use the account import tool, which allows you toretrieve an account from another client and reconcile it against an accountfrom the client you are currently working on. This can be useful forreconciling intercompany transactions or customer/supplier relationships acrosstwo different clients.

Aritma Control can match payments against open customer invoices in your accountingsystem and then generate an OCR file that can be read back into the system. This way, systems that only read OCR files can also import manual paymentsdirectly into the accounting records.

Bank reconciliation is a check of your accounting records. You compare your accounting records with the bank’s transactions to ensure that all bank movements are correctly recorded. This allows you to detect and correct any errors or discrepancies between the two sources. Aritma Control helps you automate the reconciliation of your accounts. It handles discrepancies betweenthe bank and the accounting records in real-time, and you can retrieve valid documentation for the auditor at any time.

Manual reconciliation requires significant time and effort and increases the risk oferrors. Manual reconciliation does not always detect discrepancies immediately, and delays in identifying errors and omissions can make them harder to correct. Aritma Control is therefore more than just a reconciliation tool; it is acomprehensive solution designed to provide control, efficiency, and security toaccountants around the world.

Account reconciliation of financial statements involves a thorough review andverification of financial transactions to ensure they are accurately recorded. This includes checking bank movements, accounts receivable and payable, interimaccounts, and handling credit settlements. The process can be both costly andtime-consuming, and it is optional for sole proprietorships but mandatory forlimited companies.

Our APIs offer access to a wide range of banking services, including payments, account information, and transaction data.

Aritma Control is a tool that simplifies and streamlines the account reconciliation process. It can be used to reconcile all accounts in your financial records. Our advanced rule system enhances your bookkeeping by learning from your activities, making it more tailored to your business needs. You can also generate reports for the periods you require, helping you manage internal controls and conduct audits more consistently. With Aritma Control, you gain a comprehensive view and control over the reconciliation process for all your companies, regardless of the ERP or banking system you use, ensuring everythingworks seamlessly together.

A balance sheet provides an overview of a company's assets, equity, and liabilities, reflecting the  company's financial stability. When viewed in conjunction with the income statement, it offers a comprehensive understanding of the company's financial condition.

The balance sheet is related to reconciliation in that reconciliation ensures all entries in the accounts are accurate and that the total assets match the total of equity and liabilities.

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Aritma Control identifies and  corrects daily discrepancies, reducing the risk of ongoing errors and keeping  your bookkeeping organized. Discrepancies are detected continuously and can be corrected immediately, ensuring that your accounts and balance are accurate. With Aritma Control, closing the books each month becomes easier and faster,  allowing you to free up time for other important tasks.

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With Aritma Control, you can manage all reconciliations in a single unified workflow, making everything more organized and manageable. This is especially practical for accounting firms and accountants responsible for multiple companies.

Regardless of which banks and accounting software your company uses, Aritma Control works seamlessly with  all of them.

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Integration involves connecting one system with another for the exchange ofdata/information. Bank integration means linking your accounting software withthe bank so that they communicate with each other. Bank integration with Aritma Control is advantageous as it allows daily bank transactions to be imported, enabling the system to detect and correct discrepancies continuously. Bank integration also eliminates reliance on individuals when retrievingt ransactions for the period from the bank.