The
Book Keeping Software allows for the production of clear
ledger entries with
the advantage of being able to exclude the need for hiring a bookkeeper
to document and complete the respective ledger entries. It is a non-tedious and non-complex tool in
its usage and understanding.
Allo
SBT's BIZ WIZ Analytics tools helps thousands of business analysts, data
modellers and corporate planners to understand the impact of their process
in realising competitive advantage by linking people, process and
technology.
Components
Of The Tool:
-
Creditors
Sheet
-
Payment
Sheet
-
Ring
Fencing Sheet
-
Purchases
Sheet
-
Data
Sheet
- Salaries
- Customer
Accounts
- Cheque
Reconciliation
- Invoice
Configuration
-
Invoicing
-
Invoice
Configuration
-
Customer
Accounts
-
Invoice
Template
-
Funding
Sheet
-
Journal
Sheet
-
Chart
Sheet
Features
Of The Tool:
Aged
Debtors Ledger
The
critical value provided by BOOKIE 500, is in creating an aged referencing
of sales transactions from date of conception. The period
inwhich the transaction is executed is reflected in the
periodical movement on the ledger until a payment is received.
Hence, it takes away the headache of trying to keep track of
all monies owed. On receipt of relevant payment, an entry into
the ledger not only confirms when the payment was made, but
also confirms that the bill has either been part of fully
settled by the respective paid amount.
Aged
Creditors Ledger
Reflective
of the Aged Debtors Ledger, the Aged Creditors Ledger in its
own instance creates an aged referencing
of purchase transactions from date of conception. The period
inwhich the transaction is executed is reflected in the
periodical movement on the ledger until a payment is made.
Hence, it takes away the headache of trying to keep track of
all monies actually paid. On receipt of relevant creditors
invoice, an entry into the ledger is made. The ledger not only
confirms when the payment was made, but also confirms that the
bill has either been part of fully settled by the respective
paid amount.
Invoice
Template
The
tedious process often required to put together an invoice for a respective
customer/client is completely overriden. Once the relevant entries have
been entered onto the sales ledger, the associated invoice number is
simply entered on the invoice template. This simply culls up all the
relevant and respective information relating to the specific
customer/client with that particular transaction.
Bank
Account
The
trouble encountered in keeping track of the actual cash position at any
given time is simplified. If all relevant and respective credit and debit
entries are registered correctly, the amount on the bank account sheet
should match that on an actual bank statement. Discrepancies such as
interest payments as well as bank charges should also be recorded to avoid
resulting discrepancies in reconciling both accounts.
Benefits
Of The Tool:
-
Takes
away the headache encountered in keeping tabs on overdue debtors and
creditors
-
Aids
in determining the liquidity of the business
-
Assists
in determining the best option for a collection strategy with regards to
debtors
-
Non
Costly
-
Interactive
-
Allows
payment terms assessment. Hence, a means of assessing the best possible
route to achieve the maximisation of cash-inflows.
-
It
is a bespoke solution and therefore can be modified to suit any
respective business.
-
Allows
for the better management of cash flows.
-
Allows
for the easy estimation of capital requirement if needed.
-
Contains
graphical representation of sales vs payments, debtors vs creditors,
sales vs purchases.
-
Enables
a timely understanding of the business process from point of
transaction to receipt of payment.
Corporate
Edition – License Agreements are
applicable:
Pricing
is Subject to
Requirements.
Available
within package: 12 month assessment - ‘Sales Ledger Statement/Aged
Debtors Report’ and ‘Cash In- Flow Statement’, ‘Purchase Ledger Statement/Aged
Creditors Report’ and ‘Cash Out- Flow Statement’
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