Online accounting software developer Wave has released a bank reconciliation feature to its entire user base.
The feature aims let business owners simply confirm that all the necessary transactions in a given bank account are represented in their accounting.
The bank rec feature had been in limited release since December 2013 to users in the Wave Labs beta testers program and to members of the Wave Pro Network, a community of accountants in private practice who serve small businesses. The feedback from both groups was incorporated into the feature’s development.
“We have some brilliant, forward-thinking accountants in the Wave Pro Network, and we share a common goal: to reinvent the way small business owners manage the money side of their business. Our Wave Pros are an invaluable resource, and the bank rec feature shows the results of this collaboration,” said Scott Zandbergen, vice president of the network, in a statement.