New Zealand Dollars
Australian Dollar
Great British Pound
US Dollar
Product Description
This App allows you to split an AP Payment Batch into multiple, separate batches and create a Direct Credit file for each batch.
The App is a useful tool in 'short term Cash-flow control' whereby the bank reconciliation report can be used to monitor the bank balances taking the required suppliers payments into account. Whereas previously the 'Held' Cheques were used to drip-feed payments to suppliers based on availability of cash, the App can do the same if DC payments are now used instead of cheques. By being able to 'split DC batches', the required amount of cash can be paid to suppliers while the balance of unpaid suppliers remain visible in the bank reconciliation report, thus eliminating the need to use separate reports for outstanding suppliers requiring payment, and the cost and availability of employees to generate such information.
This App opens up the ability to have the same information in a Workflow Desktop Panel, making it continually available to Financial Controllers and accountants responsible for Cash-flow control.
*This app is part of the Premium Pack
