CifraHQ's Banking module is where your real-world cash activity meets your Accounting records. Every payment made and received flows through here, and the reconciliation tools let you match your books to your bank statement with confidence at the end of each period.
Set up the banks and Financial Institutions where your company holds accounts. Each institution links to one or more bank accounts and is required before you can record transactions against those accounts.
Record individual deposits, withdrawals, fees, and other movements on a bank account. Transactions can be entered manually or imported, and each one posts a GL entry to keep your ledger in sync.
Move funds between two of your own bank accounts — for example, transferring from a current account to a savings account. CifraHQ records both sides of the transfer automatically so neither account is left out of balance.
Match your CifraHQ Bank Transactions against your official bank statement line by line. Reconciliation confirms that your books match your bank's records and surfaces any discrepancies — missing transactions, duplicates, or timing differences — before they become problems.
Post manual double-entry Accounting entries for transactions that don't fit a standard document — period-end accruals, depreciation, reclassifications, and corrections. Every journal entry requires balanced debits and credits before it can be posted.
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