Cash Book

The Cashbook module provides a comprehensive and convenient means of recording transactions through different bank accounts and managing bank reconciliations. Multiple cashbooks can be set up in base or foreign currencies. Transactions through the Nominal Ledger are posted automatically to the relevant bank account. Whenever a payment is received through the Sales Ledger or made through Purchase Ledger, the cashbook is updated automatically.

The Cashbook feature gives bank reconciliation facilities to the Nominal Ledger together with a further enhanced standard payments routine. Posting of entries from the bank statement can be made “on the fly” whilst in reconciliation mode. Fixed or standard payments can be set up to post automatically every so many days, weeks or months. Quarterly and annual payments may also be registered.

Key features are:

• Full integration with all other modules
• Multiple Cashbooks may be set up to link to different nominal accounts
• History transactions stored for up to 8 years
• Regular payments and receipts can easily be processed using standing orders
• Cash may be posted to Sales Ledger accounts through the Cashbook
• Transfer funds from one bank account to another or from a bank account to the Nominal Ledger
• Produce printed cheques for payments that do not post to the Purchase Ledger
• Suppliers may be paid through the Cashbook as well as the Purchase Ledger
• Previously reconciled bank statements are displayed in the Cashbook Enquiry program with the date, statement number and opening and closing balance
• From the statement there is a drill down to the underlying transaction then to detailed transaction information from the relevant ledger
• View a list of un-reconciled transactions
• Easy to use reconciliation routine – tick off transactions and match the closing balance
• Items shown on a bank statement, such as bank charges, which have not previously been entered in the Cashbook can be posted within the reconciliation program
• An incomplete reconciliation can be put on hold pending later completion