Bank accounts and petty cash management
The Bank Accounts and Petty Cash module is a powerful instrument for the processing of all movements on bank accounts and the keeping of cash books.
Module description
The issuing of bank orders is linked to the data in the Creditors and debtors ledger. Documents to be paid can be filtered and grouped according to predefined criteria, i.e. due dates, partners, etc. All bank orders are archived and linked to corresponding bank statements.
The exporting and importing of data using the homebanking software saves a lot of your time and reduces the error rate. After a thorough check, all payments are matched with corresponding documents, and immediately reflected in the Document Balance Ledger. The Mapping function uses other banking symbols and processes accounting records also for other bank movements as the payment of salaries, VAT settlement, social security and health insurance payments, etc.
TWIST INSPIRE ERP uses an Internet interface allowing for an automatic download of the Czech National Bank’s exchange list into the Exchange Rates register. The module easily handles operations in multiple foreign exchanges, advance payment taxation, automatic posting, and VAT returns. Bank Accounts include a controlling mechanism for correct account numbers (Modulo 11), put together IBAN codes for local accounts, and contain all the information needed for making international payments.
Submodules:
- Petty cash
- Bank orders
- Bank statements
- Exchange rates
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