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The operation of this module specifically follows the normal business processes for:
Receipt of payments from customers
Relating these payments to the respective Customer Invoice(s)
Preparation of a Bank Deposit list
Selection and approval of payments to suppliers
Printing of cheques and/or generation of EFT transactions
Recording of Bank Statement transactions
Reconciliation of all Deposits and Payments with Bank Statement
The Bank Deposit process automatically links all related transactions via a banking reference which simplifies Bank Statement Reconciliation. Multiple Bank Deposits can be processed in a single day for one or more 'cashiers'.
The essential and often time consuming processes of entering sundry bank fees/charges, automatic bank account deductions and other periodic payments/receipts recorded on the Bank Statement is simplified by allowing you to recall pre-recorded transactions. This eliminates the need to enter transaction descriptions and General Ledger account numbers ..... limiting data entry to only amount variations, thereby improving accuracy.
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Manual Receipts
Manual Payments
Automatic/Manual apportionment
Recurring Payments
Recurring Receipts
Remittances
Cheques
EFT Payments
Forms Design/Printing
Automatic Payments Selection and Update
Bank Deposit Lists
Statement Reconciliation for Bank Accounts
Credit Card Reconciliation
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