Cashbook stores information about every bank account. We track information about every bank accounts receipts and payments on a daily, weekly and monthly basis. Compare and contrast the changes in your bank balances over time. Add to this information accounts receivable and accounts payable invoice due dates with customer, vendor historical payment patterns.
Users can create views of AR data based upon particular months. This can easily be compared with AP data for the same month and users can export this data to Excel to compare and contrast cash net movements. Tracking cash receipts and cash payments on a daily basis is also possible using Cashbook transaction types. This gives vital cash forecasting information to Controllers which is especially useful when cash sweeps are in place and the bank account balances are always zero.
Build your own configurable views of cash based upon any criteria in your AP & AR sub ledger.