Cash book Management

Cash flow is the blood in every company, effective monitoring and control of how, where, when the money flow from one place/account to another will help ensure a company financial status always stay at a healthy level.

When deciding whether one or more cash books should be created under a certain circumstance, one has to examine its company structure and its operational needs. As a rule of thumb, following guidelines are suggested:

• Multiple Branches (Under One Legal Entity / Or Under One Proprietorship)

• • Create one CASH DRAWER cash book for every branch

  • Create one CHEQUE DRAWER cash book for every branch

  • Create one PD CHEQUE DRAWER cash book for every branch

  • Create one VOUCHER/COUPON cash book for every branch

  • Create one CONTRA cash book for every branch

  • Create one cash book for EVERY REAL bank account (e.g. Savings Bank Account, Current Account, Credit Card Merchant Bank Account, etc.)

• Multiple Subsidiary (With Multiple Branches Under Each Subsidiary)

• • Create one CASH DRAWER cash book for every branch

  • Create one CHEQUE DRAWER cash book for every branch

  • Create one PD CHEQUE DRAWER cash book for every branch

  • Create one VOUCHER/COUPON cash book for every branch

  • Create one CONTRA cash book for every branch

  • Create one cash book for EVERY REAL bank account (e.g. Savings Bank Account, Current Account, Credit Card Merchant Bank Account, etc.)

ALL CASH BOOK MUST BE ASSOCIATED TO THE CORRECT PC CENTER (THAT IS - ONE PC CENTER WILL BE CREATED FOR EACH SUBSIDIARY)

In Wavelet EMP, cash books could be configured and used in the following scenario:

1. Cash drawers

2. Cheque box or cheque drawers

3. Bank Accounts

4. Suspense Account

5. Contra Account

6. Expenses

7. Vouchers / Coupon