Cash Management
Leave a Comment
The Cash Management module accurately maintains and controls the financial values of a company’s assets. In summary, it provides the following features: Bank Reconciliation Unlimited Bank Accounts Bank Control Register Foreign Currency/Ledger Bank Statement Upload Cash Forecasting Currency Requirements reporting Automatic Interest/Bank Fees Posting Allocation Un-presented Cheque listing You can read an overview of the […]
Read more »
Cash Management General Ledger System Manager
Divisions are major functional or product-based segments of companies that can have their own budgets, goals and performance metrics. Unlike subsidiaries, divisions are not separate legal entities-they operate under the same corporate entity. Each division usually concentrates on a specific product line or service, market or geographical region. Divisions are a critical Masterfile in Online […]
Branches are a core setting in Online Advantage and are pivotal for Reporting and General Ledger postings throughout the system. Branches typically represent specific ‘cost centres’ of a business where the separation of Financial reporting requirements such as Assets, Liabilities, Sales and Profitability is required. Branch Codes are mandatory fields and at least one Branch […]
Since downloadable bank statements provided by your Bank(s) vary in format and do not conform to any ‘standard’, we need to ‘map’ the fields on the bank statement to the fields we are expecting so that these statements can be used as an upload into the Bank Reconciliation process. Example One bank may provide a […]
Bank Code Bank code can be numeric or alpha. For details on the use of “codes”, see The Role of “Codes” in Online Advantage Bank Name Enter the name of the bank. This is used to describe the bank itself and is used when choosing the bank in transaction entry and on report filters. For […]
A Bank should be created to represent each account you have with a financial institute – including transactional, merchant and credit card accounts. At least one Bank must be established for use with the Accounts Payable and Accounts Receivable Ledgers so that payment and receipt transactions can be recorded on the system. You can create […]
Accounts Payable Cash Management
Purpose This procedure is used to upload bank fees from a file created outside of the system. This is an alternative way of entering these details and allows you to upload bulk entries from credit cards and banks where there can be multiple line items and multiple postings. Using this method a “spread-sheet” style tool […]
Purpose This function is used to record a transaction for the transfer of funds from one bank account to another. This entry is expected to take place after the transaction has been made in the bank accounts and thus does not appear as an entry in the Bank Transfers module. Once the transaction is entered, […]
Purpose This procedure is used to reconcile statements received from your Bank with the transactions recorded in the Bank Reconciliation system. It may be used at any time. You can either reconcile statements manually, or use auto-reconciliation – where you upload your statement from the bank and have items match automatically. At the end of […]
Accounts Payable Accounts Receivable Cash Management
Purpose This procedure is used to enter or modify the details of Currencies you want available in the system. You can maintain exchange rates for each currency you transact in as and when required via this function. Data Input Step 1 – Currency Code Currency Code Enter a new, unique currency code, that does […]
Statement Format Code Format Code can be numeric or alphabetic or a combination of both. Name Enter a name to describe the statement format. This will be used when selecting a format to associate with the bank in Bank Details entry. For more details on descriptions, see The Role of “Names & Descriptions” in Online […]
Accounts Payable Accounts Receivable Asset Ledger Cash Management General Ledger Inventory Control Job Costing Manufacturing Point Of Sale Purchasing System Manager
Purpose This routine is used to maintain various Control File General Ledger Chart of Account codes needed for the running of Online Advantage. These Control Pointers relate to the accounting postings that Online Advantage performs on the users behalf, without the need for the user to nominate one or both sides of the accounting entry. […]
Cash Management General Ledger
Purpose This procedure is used to enter or modify the details of Divisions. Divisions represent either areas of operation or differentiate types of products and services. Divisions may be used to designate different areas of operation (e.g. Wholesale, Manufacturing, Fabrication, Retail, Service) or they could be used to specify dealings in different types of products […]
Purpose This procedure is used to enter or modify the details of Branches used in the system. Branches usually represent specific cost centres of the business. For example, valid Branches could be geographical centres like Sydney, Newcastle, Melbourne, Perth, Adelaide, Hobart, Brisbane and Cairns. If this is too much detail, they might be set up […]
Cash Management Release 9.1
In this Release we have given the Bank Reconciliation tool a serious work-over in order to make it easier to do bank rec’s – both manually and using an electronic version of the bank statement details. Firstly, the following changes have been made to the basic reconciliation input functions: A “delete” icon has been added […]
Tagged