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 Cash Management system and its functions, features & benefits HERE.

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Bank Reconciliation

July 9, 2019 Cash Management

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 […]

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Banks

July 4, 2019 Cash Management

Purpose This procedure is used to enter or modify the details of Bank Accounts. At least one Bank Account must be established for use in the Accounts Payable and Accounts Receivable Ledgers so that payment and receipts transactions can be recorded on the system. You can set up as many banks as you need. Each […]

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Currencies

July 4, 2019 Accounts Payable

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 […]

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Electronic Statement Format

July 4, 2019 Cash Management

Purpose This procedure is used to define the electronic statement format used by your Bank if you want to upload bank statements into the system. This format is used in automatic bank reconciliation to ‘map’ the data from the electronic bank statement you receive from your bank to the data elements required in the Online […]

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Control Pointers

July 26, 2015 Accounts Payable

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. […]

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Divisions

July 21, 2015 Cash Management

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 […]

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Branches

July 21, 2015 Cash Management

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 […]

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9.1 Bank Reconciliation Revamp

February 17, 2012 Cash Management

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 […]

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