Manage petty cash and back account balances quickly and easily. View transaction history for a specific date range and switch between detailed and daily views. Trace both uncleared and cleared balances, and clear and add cash related transactions directly from the inquiry screen.
Gather and pre-define payment information (preferred payment type, account numbers) for vendors and customers to simplify and speed up payment processing.
Configure the processing centers you will use for cash collection and associate customer payment methods with a particular processing center – used for automated credit card processing.
Maintain cash account balances in your base currency and your bank account currency. Execute cash revaluation to reflect rate changes. Automatically calculate realized gain and loss when transferring funds between accounts using different currencies.
Control access to cash account information and balances to prevent unauthorized access and restrict sensitive company information.
Use provided reports to reconcile cash accounts balances and manage short-term cash reserves as well as forecasts and projections. Drill down to review transaction details.
Maintain a complete audit trail of all cash-related transactions. Transaction records cannot be changed – corrections are handled through adjusting entries, which are logged. The cash management system captures the ID of the user who entered the transaction or adjustment. Attach notes and supporting electronic documents directly to transactions.