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The Cash Management
module enables companies to reconcile cash transactions with bank
statements, and can handle an unlimited number of bank accounts in
local and foreign currencies.
For each bank account, a record of the
opening year balance, last statement balance and current Cash Management
balance, together with the total movements for each accounting period
in the current and previous years is maintained.
Cash receipts entered in Accounts Receivable and payments entered
in Accounts Payable can be posted directly to Cash Management. Remittance
advices and/or cheques or credit transfers can be printed for all
entered payments.
Wages and salaries processed by Payroll Management can be posted directly
to Cash Management. Standing orders can be set up for amounts paid
regularly by the bank. A schedule of planned payments by the bank
can be entered for each standing order. Intervals may be weekly, monthly
or annually, or with specified intervals such as every third month
(quarterly).
Statement details can be entered manually or electronically and can
be matched automatically with the corresponding Cash Management transactions.
Bank Reconciliation Reports can reconcile Cash Management to the bank
statements, or vice versa and can list all unpresented cheques and
unmatched statement items.
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Automated bank reconciliation |
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Standing order processing |
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Inter-bank trading |
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VAT analysis |
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Full financial integration |
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BACS and EDI capability |
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