I have recently started a new job, with shiny 'cloud' software.
No doubt some bits of it are good, and suited to my new sector - but let me tell you about the bad bits:
1) You can only reconcile the bank once a month.
2) There is no means to enter a one off supplier payment
3) For suppliers that are paid by direct debit, every invoice generates a bank posting in anticipation of the DD being collected.
4) BACS payments generate a posting to the bank account for every supplier that is paid.
The last two, in particular, mean bank reconciliation is virtually impossible in a high volume transaction environment.
Who lets this junk get past the development stage?
I am sure I will sort out 'work arounds', but, really, you shouldn't have to!