eRKTM-PCASH records small expenses allocated to departments in any organization, where there would be certain petty payments, which requires to be paid in cash and not by cheques. Thus, provides a printed return with a full transaction record, in bank statement format followed by an analysis of expenditure of nominal heading.
Features
Enter petty cash receipts and disbursements.
Calculate and reconcile petty cash balances as of any date.
Allows fast and easy short-term prediction on the development of your cash situation based on the known income and expenses.
Tracking of petty cash expenses and miscellaneous receipts.
Process all petty cash transactions, balances and replenish petty cash as required.
Cash flow analysis shows future cash requirements on weekly basis.
Maintain and record day-to-day petty cash transactions.
Maintain virtually an unlimited number of petty cash funds.
Petty cash book for non-ledger account posting and maintain multiple petty cash accounts.
Integrates with Cash Management System, which enables users to track and reconcile balances and reconcile balances of multiple cash floats.
It helps detect recurring payments especially when they incur not so often like yearly, every half-year or quarterly.
Maintain add-on to List of Receivers and generate detailed summary statements - daily, weekly, monthly or in-between dates.
Can set up sequentially number all vouchers automatically.
Payment can be grouped and filtered for categorization and payment lists are stored in different files according to users preference.
Petty cash accounts by account code or name / description.
Petty cash account balances (latest).
Maintain virtually an unlimited number of petty cash funds.
Simplified entry of non-cheque payments.
When petty cash balance shows depletion, it triggers a cut-off amount, which have been set in the system, e.g. 20% is reserved, 80% was used. Therefore, declining requests for withdrawals and must be replenished.
It also generates an Accounts Payable invoice batch to reimburse petty cash holders.
View payment details and current status of disbursements on screen.
All petty cash account activity between any two dates specified.
Optional Features
Automates cheque printing by batch or normal chequeing on demand.
Can set up to sequentially number all receipts automatically.
Reports
Daily, Weekly and Yearly petty cash expenses incurred by vote / date.
Transaction details in the petty cash.
Department petty cash expenses by vote report.
Petty cash summary expenses by department / vote.
List of Expense journal before and after posting.
List of Revenue journal before and after posting.
Payment voucher list.
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.: eRKTM-FINANCIAL
eRKTM-Financial consists of the following modules, please click on the product code for more information.
