Cash Book (CB)
Accredo’s Cash Book (CB) module makes it simple for you to keep an accurate record of cash movements and cash on hand for your business.
Use CB to manage and monitor receipts from debtors, payments to creditors and other transactions such as interest, fees and transfers between accounts.
Keep track of cash and cheque transactions as well as electronic banking transactions such as automatic payments and direct debits.
Maintain your own records of your business’s financial comings and goings, so you always have an up-to-the minute picture of your position which you can compare with the information your bank provides you, to be sure they are getting it right.
Let us tell you more about just some of the innovative features of Accredo’s CB module.
Control your banking
Monitor
Use Accredo’s CB to maintain your own banking records for any number of bank accounts. Open periods mean your CB is always up-to-date, so you can get an accurate picture of your actual cash on hand at any time.
Reconcile
When your bank statement arrives, use Accredo’s CB to reconcile the details on the statement with your own records. Just enter the closing balance from your statement, select the transactions from your system as they appear on the statement, and Accredo does the rest. Once you accept the reconciliation, Accredo updates your records so you can easily see which transactions have been reconciled and which have not.
Summarise
When you create banking summaries from receipts entered into AR, you get a comprehensive record of what payments were banked, when and where; your bank gets all the details they require to process payments into your account quickly and accurately, and there is no double handling of data – just a few mouse clicks or keystrokes is all it takes.
Predict
With reports on everything from automatic payments due to unreconciled transactions and GST on reconciled transactions, Accredo’s CB helps you to keep track of exactly what your current and future commitments are on a daily basis.
To reconcile your bank statement, just enter the closing balance from your statement, select transactions and Accredo does the rest...
Track your cashflow
Track receipts from debtors
When you enter receipts from debtors into Accredo’s Accounts Receivable (AR) module, you choose whether to bank them directly through to the relevant CB bank account (e.g., automatic payments, direct credits or other payments from a single debtor) or send them to the banking summary for inclusion in a group of transactions to be banked and recorded as a single item on your reconciliation (e.g., batches of cheques or till takings).
Track payments from creditors
All payments to creditors entered in Accredo’s Accounts Payable (AP) module are transferred automatically to the relevant CB bank account on saving. This includes cheques, electronic and cash payments, eliminating double handling when the time comes to reconcile your bank statements.
Track automatic payments
Accredo’s CB makes it easy to manage automatic payments. Just set them up once and post details through to the relevant bank account as they become due. You can post all automatic payments with a single mouse click or query payments and decide whether to post or skip each one individually.
Track all deposits and withdrawals
Enter transactions that are not related to either debtors or creditors (e.g., bank fees, interest and transfers between bank accounts) directly into your Accredo CB to complete the data required for reconciling, monitoring and managing your bank account balances
Post all automatic payments with a single mouse click, query each payment individually or defer processing until it suits you...
