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:
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 |