Cashbook for Sage 300 ERP helps businesses save time, balance the books

By Phumeza Tontsi for Sage ERP Africa
Johannesburg, 07 Apr 2014

Businesses that use the Sage 300 ERP (formerly known as Sage ERP Accpac) business software can shave hours or even days off the time it takes to compile their cashbooks, thanks to a feature that allows them to automatically match data from their bank statements to entries in their cashbooks.

This new feature, called RecXpress, becomes an integral part of Cashbook for Sage 300 ERP, the Peresoft product that has served as the cashbook solution for Sage 300 ERP for the past 30 years. By automating the capture, generation and reconciliation of all transactions from the bank statement through a set of user-defined rules, this feature can slice the time it takes to do the monthly cashbook from a couple of days to a couple of hours.

The way it works is this: the product allows you to create business rules for cashbook entries so that the cashbook will correctly allocate transactions in your bank statement to the correct general ledger, debtors or creditors accounts. If an entry requires multiple disbursements - for example, to salaries and medical aid - the rule can be configured to distribute the amounts to the correct accounts.

Each month, you can add entries that do not yet have rules to your rules template. Within one tax year, the cashbook will be able to handle the vast majority of entries automatically using the rules you have set up. The benefits are compounded for larger businesses that run multiple cashbooks.

"Automation frees your time or that of your employees to focus on more strategic activities; in addition, it ensures that data is captured correctly the first time," says Jeremy Waterman, managing director of Sage ERP Africa.

Peresoft Cashbook includes a range of other powerful features:

* Multiple years of history
* Online cheque and receipt printing
* Full tax services integration
* Drill down from other Sage 300 ERP (Sage ERP Accpac) modules
* Unlimited report writing
* Customisation by user
* Seamless integration to other Sage 300 ERP (Sage ERP Accpac) modules

Says Bobby Perel, managing director at Peresoft Software & Support: "We see this automatic data matching feature as one of the most important enhancements we have made to Cashbook since we introduced it 30 years ago. It is changing our clients' lives more dramatically than the adoption of our computerised Cashbook did all those years ago."

Sage ERP Africa

Sage ERP Africa is a provider of business management solutions, including financial, distribution, service management, retail, warehouse management, project costing, manufacturing and CRM, to the mid-range market. Sage ERP solutions are delivered to 130 countries exclusively through a global network of solution providers, including over 150 throughout Africa. The Sage ERP Africa product line includes: Sage ERP X3, Sage 300 ERP (formerly Sage ERP Accpac), Sage CRM, Sage 300 ERP Retail and Sage ERP X3 Retail as well as Sage third party partner solutions. With a choice of languages, currencies, locations and legislations - Sage ERP offers efficient multi- company and multinational solutions.

Sage

We provide small and medium sized organisations with a range of easy-to-use, secure and efficient business management software and services - from accounting and payroll, to enterprise resource planning, customer relationship management and payments.

Our customers receive continuous advice and support through our global network of local experts to help them solve their business problems, giving them the confidence to achieve their business ambitions. Formed in 1981, Sage was floated on the London Stock Exchange in 1989 and entered the FTSE 100 in 1999.

Sage has over 6 million customers and more than 12 700 employees in 24 countries covering the UK & Ireland, mainland Europe, North America, South Africa, Australia, Asia and Brazil. For further information, please visit www.sage.com.

Peresoft

Established in 1983, Peresoft Software has become the undisputed leader in developing cash management solutions for Sage 300 ERP. Over the past three decades Peresoft Cashbook has been established as the de facto cash management solution for Sage 300 ERP internationally. Today, an award-winning reputation has earned Peresoft the most trusted name in the development of solutions that both enhance and extend the functionality of Sage 300 ERP products. Peresoft products are sold and supported by more than 500 dedicated Solution Providers throughout Africa, Asia, Australia, Europe, Canada and the USA.

The Peresoft product range also includes the renowned RecXpress for automatic bank reconciliations and the EFTXpress for Electronic Funds Transfer processing.

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