Does the Cash Book allow for automatic bank reconciliation against a downloaded bank statement?
A. Yes, providing your on-line banking allows for the downloading of a statement file, the system’s reconciliation process can automatically match transactions of the same values with same reference, eg cheque number and with the transaction being within a specific date range. This greatly speeds up the reconciliation process leaving only sundry items for manual matching. Q. Can purchase invoices be matched to a purchase order even though a delivery ticket hasn’t been recorded? A. Yes, where an invoice is received and during processing it is found that no Goods Received Note (GRN) has been entered, the invoice can be processed as a “combined entry”. This has the effect of recording both the invoice and the delivery at the same time. The invoice can also be given a held status until delivery of the goods has been confirmed. Q. Can purchase invoices be part paid during a standard payment routine? A. Yes, the Purchase Ledger payment routine is both simple and efficient. Firstly the system
