Cash Book

Objective

To provide system-wide bank reconciliation information on cash inflows and outflows, allowing optimal and efficient cash management.

The Value of SYSPRO Cash Book

• Provides the ability to know current bank balances through on-line transaction processing as well as integration to other sub-ledgers
• Tracks transactions which have not cleared the bank
• Knows in what form cash resources lie
• Allows the forecasting of cash positions with automated cash projections
• Produces checks on-line
• Increases the speed and efficiency of bank reconciliations
• Provides statement balance inquiry
• Preview of reports to screen and e-mail capabilities

Matching SYSPRO to Your Business

• Allows inter-company postings
• Maintains numerous bank accounts
• Maintains local and foreign currency bank accounts
• Handles foreign currency transactions through local currency bank accounts
• Posts transactions to multiple companies from within the same screen
• Associates each bank with a unique General Ledger control account for accurate auditing
• Records bank deposits and withdrawals quickly and easily
• Allows for fast, easy bank reconciliations, both manually or electronically
• Gives automated processing of recurring entries
• Updates exchange rates for foreign currencies on-the-fly while processing entries
• Easily adjusts previously entered deposit and withdrawal amounts
• Revalues foreign currency accounts according to changes in exchange rates
• Drill down to source transaction of AP and AR generated entries

Audit Trails and Reporting

• Reconciled transactions are retained at month end for prior month Cash Book reprinting and queries.
• User defined number of months for History Retention
• Complete and thorough audit trails for all transactions
• User-defined check and remittance advice documents
• User-defined selection criteria for flexible reporting
• Recurring entries report highlighting unposted entries
• Journal and G/L distribution reports
• Reconciliation statement, consolidated statement
• Bank balance report
  
• Foreign currency variance report
• On-line check register

Integration

• Withdrawals and deposits that are recorded in Cash Book automatically update user-defined General Ledger accounts
• Checks produced in Accounts Payable automatically flow through Cash Book
• Deposits entered into Accounts Receivable automatically flow through Cash Book
• E-mail reports with the Office Automation module
• Postings to prior periods are also possible
• Cash Book is Multi-Period allowing new month entry of Payment Registers (Accounts Payable) and Deposit Slips (Accounts Receivable) in their respective modules prior to the closing off of the Cash Book module.