The Money module is used to manage cash and bank accounts, process incoming and outgoing payments, issued and received loans.
Addons: If your organization uses cheques, you can add the functionality of cheque processing.
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Master Data
Using the master data, you can add all the currencies used by your company and define their exchange rates with respect to the national currency or set up import of exchange rates from the Central Bank. Also, you can create master records for banks, bank and cash accounts used by your company.
Bank and Cash Documents
Bank Payments and Bank Receipts are used to register incoming and outgoing bank payments. Cash Payments and Cash Receipts are used to register incoming and outgoing cash.
A document of the Employee Business Expense Report type is created when the entity needs to reimburse employees for work-related expenses.
Loan Documents
A Loan Agreement is created when your company needs to register any received loan or loan issued to another company with all the corresponding conditions for repayment. Then, you can monitor the loan repayment process by using the Loans Processing documents.
Service Tools
Using Money Transfers, you can register fund transfers made between your entity's bank and cash accounts.
The Bank Reconciliation functionality if enabled facilitates to process of comparing the bank transactions recorded in the system to the transactions on bank statements received from banks.
Reports
The Money nodule reports provides you with the comprehensive information on all details of cash flow.
