Bank Reconciliation helps you keep better control of your cash by simplifying accounting and reconciliation of bank statements with your bank accounts. TRAVERSE Accounting Software you to track which transactions have cleared the bank, which are still outstanding, and what the balance is of your bank accounts. Use Bank Reconciliation to post transactions that you enter in Accounts Receivable/Sales Order and Accounts Payable/Purchase Order to multiple cash accounts if those applications are interfaced with Bank Reconciliation.