What is Bank Reconciliation? A bank reconciliation (bank rec) is where a company completes a comparison of the cash balances on their general ledger (GL) against their current bank statement information. Any differences in amounts need to be accounted for, and when the two sides are evenly matched the accounts are said to have been ‘reconciled’. This can be a very demanding process for companies, especially when you allow for the level of data that is required to complete a successful bank rec. Bank Reconciliation Issues There are a lot […]

In the world of finance and accounting things are moving fast. Accounting processes, standards and ways of completing tasks are receiving updates more frequently. Especially in the current ‘innovation era’ and the increased advances in technology. New developments can have a large impact on your business. It may lead to financial staff spending more time on additional manual processes. Your company may need to hire people to complete these new tasks, or employees may leave due to the extra manual processes. Automation of manual financial processes is now a must […]

What is ISO 20022? The ISO 20022 standard has been developed to get everyone in the financial sector using a single common language, consistent terminology and formats. It facilitates electronic data transfers between financial institutions, customers, users, suppliers, infrastructures and regulation authorities. ISO 20022 will transform the cross-border payments, securities, funds, FX trading and credit card sectors. It will also help to massively reduce risk and fraud. In Payments, ISO 20022 is widely considered as the essential component to modernise the global payments infrastructure. The financial world is moving towards […]

In September, Cashbook descended on New Orleans, Louisiana for the Inforum 19 conference. This event attracts 5,000 attendees from over 60 countries over four days. Inforum is our most significant event of the year and Cashbook have been an Infor partner since 2010. This was our ninth successive Inforum conference, so we are seasoned veterans at this stage. A lot of Cashbook customers are running Infor ERPs such as: BPCS/LX, XA/MAPICS, Lawson S3, Lawson M3, and S21. These ERPs are a great fit for our Cash Application automation solutions, and […]

Cashbook attended the 2019 Credit Team Awards in Dublin on the 18th October. These awards are organised by Irish Credit Management Training and are sponsored by the Business Post. They recognize the achievements of credit teams in multiple industries with a variety of categories. The Credit Team Awards acknowledge the efforts credit teams make in maintaining cashflows for their company throughout the year. Consistent cashflow is hugely important for every business worldwide. Especially with an impending Brexit and the continuous global trade conflicts. Cashbook were involved in two categories this […]

We are hiring! Cashbook are looking for a Junior Software Engineer to join the team in Limerick, Ireland. If you are looking for the next step in your career, we want to talk to you! This is a great opportunity for the right candidate. The successful candidate will also qualify for a Post-grad Diploma in Business & Management as part of the attractive package. The full job spec, skills required and ways to apply can be found here: View Job

Cashbook are going to be exhibiting at Inforum 2019 for the ninth consecutive year. Cashbook have been a product partner of Infor since 2010 and been a mainstay at this flagship event. This year’s Inforum is being held in New Orleans at the Ernest N. Morial Convention Center from 23-26th September. At Inforum 2019, Cashbook will be located at Booth #1723 and we will be doing live product demonstrations of our Cash Application, Bank Reconciliation and Accounts Payable software. Come over to our booth and say hello, and discover how […]

In August of this year, Cashbook officially received the great news of our successful application for trademarking our Cash Automation software for use in China. These trademarks are to safeguard our specific Cash Automation software products and information, and also to prevent copying or direct imitation by others in China. Importance of a trademark in China. It is hugely important to have a registered trademark for your products in China when you are looking to expand your customer base further in the market. In China, it is very easy for […]

Ghost cards are a name given to a specific kind of bank credit card or purchasing method. They are not a real plastic card like the ones we are acquainted with. Hence the name ‘ghost’, it is precisely a credit card number that is specific to each department within a company. Employees in a specific department can make purchases using this one number. All transactions are then charged to a high-limit charge account. It means that multiple people in each department can make purchases using the same number. Below we […]

On August 22nd Cashbook Rising 2019 took place in Cincinnati, Ohio. This was our 3rd annual user conference in North America. It was hosted at the offices of our long-standing customer, Formica Limited. Formica have beautiful and spacious offices which are located just north of Cincinnati. They have been a customer of Cashbook for over 15 years now, and use our cash automation software all over the world. Cashbook Rising attendees came from as far as Canada, California, and Columbus, Ohio! We had a full action-packed day of learning, sharing […]