Banking Module in Accounting Software
Flow & Process of Banking Module
Banking module consists six sub-modules. You have Bank Master to organize your Bank details, Cheques, Deposits, Bank Adjustments, Bank Register and Bank Reconciliation. You may add unlimited records under each module.
PDC Payable / Receivable
These modules handle Cheques that are given or received as Post Dated Cheques.
To clear the Cheques that are given or received as Postdated. The cheque may be cleared or bounced. Accounts will be maintained accordingly.
The software reconciles your bank account against your monthly statement. Bank Account Reconciliation is usually done once per month, when you receive the print of your monthly statement from your bank or financial institution. You will be able to review the list of payments and deposits from your bank accounts and clear the transactions that appear on the statement.
Handles all bank deposit, withdrawal or transfers.
The gap between actual and expected ledger balance can be adjusted here.