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De Facto Software Ltd.
Epsilon House
West Road
Ransomes Europark

Ipswich
Suffolk
IP3 9FJ
UK
 

01473 276555
 
 

Office Hours



Monday — Friday

 


Financials

Banking - Financial Control

In your hands

Gain greater visibility and control of bank and cash records

Banking

Financial Control

Overview

Complete visibility of bank and cash records enables more effective cash management

  • Easy-to-use reconciliation facilities ensure outgoing payments are valid and that receipts have been posted
  • Experience the benefits of comprehensive reference fields and a detailed search facility
  • Option to allow automatic currency conversion by the system makes improved accuracy of foreign currency values easy
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More Detail

Manage cash effectively with complete visibility of bank and cash records

Excellent financial control requires the ability to see cash book bank balances quickly. In De Facto® each bank, cash, credit card and gift voucher account are linked to a separate nominal ledger account and can be viewed in local or foreign currency and clearly reported in summary or detail. 
 

Reconcile banks promptly to reduce risk including automatic reconciliation from uploaded statements

Banks should also be reconciled promptly to ensure payments going out are valid and all receipts have been posted. De Facto provides easy to use reconciliation facilities for all bank and cash accounts. This includes the ability to upload bank statements for automatic reconciliation.

 

Maintain references and swiftly search for transactions to answer queries

Comprehensive reference fields in use throughout the system assist the Banking Controller to identify reasons for transactions. Additionally there is a detailed searching facility. Un-reconciled entries can be added to a notepad option. Bank reconciliation reports (including foreign currency) are easy to print so a clear record can be retained.

 
Control both foreign and local currency values with ease

For financial control, bank currency information should also be accurate. De Facto forces the user to post foreign currency amounts for foreign currency bank accounts. The relating sterling values can be created automatically using system rates or over-ridden by the user. Foreign currency accounts can also be quickly re-valued using journals.

 

Get in touch

Contact us today to discuss your business needs with our software team.
Phone icon  01473 276555
 


 
 
 

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