Cash Management Features and Functions
Cash management involves the capability of the system to record cash charges or deposits, recording of cash payments and receipts, cash projection reporting, calculation of expected cash uses/sources, current cash availability, etc. It monitors and analyzes cash holdings, financial deals, and investment risks.
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- Up-to-date cash balance report
- Projects cash resources from sales, A/R, field services, and miscellaneous cash
- Projects cash utilization from purchasing, A/P, and miscellaneous cash
- Checks committed funds against cash reserves or availability
- Updates and maintains pay date schedule
- Reports cash projections
- Entity, bank, expected date, terms, and customer payment history are used to create cash projections
- Cash projects by currency
- Views of inflows and outflows from cash book by bank, year, or statement
- Records cash payments and receipts via electronic banking functions
- Notifies and reports on statement discrepancies
- "Miscellaneous" category for charges and deposits
- Processes cancelled A/P checks
- Records journal entries to the G/L cash accounts
- Prints account statements
- Automatically records bank cash receipts
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Financials Features and Functions
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