Summary of the Daily Cash Book Procedures.
Introduction
The Lentune Cash Book module is used with a bank transaction file which you can download from your bank on a regular bases, e.g. daily. The next step is to match these presented bank transactions to the existing Cash Book transactions.
Cash Book transactions are generated from transactions in other modules, such as Payables and Receivables, or manually entered via Creating New Cash Book Transactions, e.g. Cash Book Till Receipts. Transactions will contain analysis lines that define where the cash is to be posted.
Recurring transactions can have cross references set up so they will automatically match to the corresponding bank transactions that have been imported from your bank. This reduces data entry, speeds up your daily processes and helps to eliminate keying errors.
Order of Processing
The daily processes would usually be completed in the following order to ensure that the processes run smoothly and do not have to be repeated.
Enter Till Receipts
Till receipts will entered during the day as sales are made.
Refer to this article for details.
Close the Till
Closing the Till should be done at the end of each business day.
Refer to this article for details.
Download Bank Transactions
Downloading the bank transactions would usually be done the morning after the tills have been closed.
Refer to this article for details.
Import Bank Transactions
Importing the bank transactions should usually be done after downloading the bank transactions.
Refer to this article for details.
Quick Analyse Transactions
During this process you will match the imported transactions to the Cash Book, and set up new Cross references to allow items to be matched automatically.
Refer to this article for details.
Reconcile Cash Book Bank Account
Refer to this article for details.
Post Cash Book transactions to other modules
Refer to this article for details.
|
Need more help? We’re here! We hope our article was helpful! If you need more info or want to connect, drop us an email at support@lentune.com. Thank you. We love to hear from you! |