BETTER CONTROL OF THE BANKING FUNCTION
The efficient and accurate execution of the banking function is vital for meaningful timely information. The Info-Logic Cashbook provides the means to maintain up-to-date cash balance and detail records. In addition the System offers three methods of automatic reconciliation of the Cashbook to the Bank Statement. Cashbook transaction can update the General Ledger in real-time or in batch mode.
The benefits to be obtained from using the System include.
Up-to-date meaningful Information
Creditor payments are automatically passed to the Cashbook and Debtor receipts can be entered through the Cashbook, providing up-to-date banking information.
Automatic Reconciliation
The System enables the automatic reconciliation of the bank statement to the Cashbook in one of three ways.
The Cashbook can be "ticked" to the bank statement, the bank statement can be captured for matching to the Cashbook, or the bank statements can be electronically downloaded from the bank for matching to the Cashbook.
Flexible Interface
The effect of every Cashbook transaction on the General Ledger is User defined and determined by the Transaction Type.
General Ledger Analysis
Cashbook transactions can be fully allocated to multiple General Ledger accounts.
Online/Batch Update
A System parameter exists which determines whether Cashbook transactions update the General Ledger in real-time or when selected.
Sundry Cheques
Sundry cheques can be automatically produced and updated through the Cashbook.
The Cashbook is fully integrated with:
In today's high transaction volume high technology business environment the administration and contol of the banking function has become a nightmare. Yet never before has it been more important to gain contol over business's most vital asset, CASH. The Info-Logic Cashbook has been developed with exactly that and ease of use as the prime objectives.
In addition to the facilities and functionality expected of a cashbook system, the full-function Info-Logic system provides numerous unique practical features:
Multiple cashbooks can be defined and controlled at any level in the structure, even at a level higher than the company balancing level. That gives the ability the use one bank account for multiple companies
The payment cycle is aimed at operating efficiency and ease od use. When creditors are paid, the payments are automatically generated into the cashbook. In the event of a creditors payment reversal, a stop payment is automatically generated in the cashbook.
Sundry cheques can be easily entered and printed through the cashbook. The payment can be allocated to multiple general ledger accounts even in other companies.
Debtor receipt