The Velocity Supply Banking module allows you to quickly handle your bank accounts in a very user-friendly environment. Complex tasks such as Bank Account reconciliation, Credit Card reconciliation and Recurring Transactions are easily processed.
VELOCITY Banking provides control accessibility and flexible reporting
- Unlimited Number of Bank Accounts
- A Bank Account List allowing the cash accounts to be viewed along with account balances.
- A ledger is associated with each account so that transaction and balances can be easily viewed.
- Store detailed account information for each cash account created.
- Check numbers that chronologically increase as you write checks.
- Detailed find forms make find a check simple.
- Security options can be set to allow only certain users access to the Banking area.
- Unlimited Number of Payees stored for convenience.
- Support for “one time only“ vendors.
- Checks can be posted individually - or in batches.
- Unlimited number of ledger accounts can be associated with one check.
- Convenient recap feature displays what accounts will be impacted when the item is posted.
- Ability to write checks on ”the fly“.
- Write Checks using a different currency.
- The ability to write checks without entering the payee as a vendor.
- A deposit feature that allows you to allocate accounts receivable payments to an ”Undeposited Funds“ account which later can be deleted and batched into a deposit for a superior audit trail.
- Ability to print a deposit slip.
- Reference a job while making a deposit, writing a check or making a withdrawal.
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