Associations Insights: Reconciliation Resolutions

Date: July 11, 2024 @ 12:00 pm ET

Frequent issues arise from the misalignment between AMS (Association Management Systems) and accounting systems, causing delays and inaccuracies in bank reconciliations. Learn to spot the signs that signal a potential issue in your financial processes. This discussion session focuses on the challenges and solutions related to reconciling credit card and ACH payments in associations. Participants will walk away with practical solutions to streamline processes and restore timely financial statement delivery. Hear from our panel of association experts as they help identify the sources of your reconciliation challenges and share best practice solutions.

Learning Objectives:

1. Ensure transactions can be tracked throughout the processing cycle by avoiding common errors in configuring your AMS (Association Management System) and accounting systems.
2. Leverage automation and data transformation to improve manual processes, increasing efficiency and accuracy.
3. Recognize the critical role of teamwork and ongoing education in maximizing the effectiveness of your systems.

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