Crystal Reconciliation Tool(CRT) is a software that helps businesses with bank reconciliation, credit card reconciliation, balance sheet reconciliation, financial close, accounts reconciliation, variance analysis, journal entry and intercompany reconciliation. Reconciliation is the process of matching transactions that have been recorded internally against monthly statements from external sources such as banks to see if there are differences in the records and to correct any discrepancies. The Catholic Sacrament of Reconciliation (also known as the Sacrament of Penance, or Penance and Reconciliation) has three elements: conversion, confession and celebration. In it we find God’s unconditional forgiveness, and as a result we are called to forgive others
  • Banking
  • Vendor
  • Customer Reconciliation Tool

It is possible to have certain transactions that have been recorded as paid in the internal cash register but that do not appear as paid in the bank statement. The transactions should be deducted from the bank statement balance. An example of such a transaction is a check that has been issued but has yet to be cleared by the bank. A company may issue a check and record the transaction as a cash deduction in the cash register, but it may take some time before the check is presented to the bank. In such an instance, the transaction does not appear in the bank statement until the check has been presented and accepted by the bank.