Cash Book is the core of your accounting system. Here you can track your income and expenses. It is both a journal and a ledger account that helps you to see how much profit your property is making.
- Benefit from tax deductions.
- Reduce your chances of being audited.
- Get an overview of your opening and closing balance.
- Streamline your budget and forecast strategies.
How does it work?
Making entries in the digital Cash Book is similar to recording payments in a paper book. You add info about the transaction, including date, time, billing reason, VAT, and the program shows you a current cash balance. If the cash payment was made in the system, it will be added automatically.
Making entries takes less of your time with presets. There is no need to add accounts or billing reasons manually again and again, as you can simply go with a template.
Stay one-step-ahead in your accounting processes with convenient search and filters. You can quickly find any transaction and review the history of cash flow for a certain month, day, or week.
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Manage everything on a single platform
Avoid jumps between programs and spreadsheets – unify all operations in one place. Improve your workflow with instant access to all data about your income, maintenance expenses, security deposits, and more.
Focus more on customer experience
All the calculations will be performed by a computer, giving you more time to focus on guest satisfaction. Thus, digital Cash Book allows you to maximize revenue by concentrating on the work that you really like.
Some small business owners prefer manual cash accounting, as it is cheap and simple. However, an automated system is less time-consuming, protects you from errors in estimates, and can store a large amount of data.
What you get
Cash flow overview
Cash Book helps to collect data about all payments by making entries and attaching receipts. Get a clearly laid out transaction history and predict your revenue with ease.
Increased accounting efficiency
According to Forbes, the more manual a process is, the more mistakes you can expect. Automated entries and balance calculation safeguard you from wrong financial records and potential regulatory fines.
Easy VAT tracking
In case you need to pay VAT, our Cash Book can help you in tracking it. The percentage can be easily found in a distinct column and then accounted for Tax Department.
Transaction data editing
Sometimes, entries may need improvement, and our system was built with this in mind. You can correct any errors in Settings and protect your business from data loss.
Export to PDF
If you need to print some pages of your Cash Book, just export them to PDF. You can do this in the Main tab by choosing this option in the list of actions.
Remote access at any time
As all the data is stored in the cloud, you can monitor your accounts from anywhere, whenever you need. Closing balance instantly updates after every new entry, enabling you to always be aware of your cash inflows and outflows.
Benefits
You are in full control of your cash payables and receivables.
Digital technology combined with regular cash book balancing reduces the chances of frauds and discrepancies.
Transactions appear in the Cash Book automatically and prevent your business from unpredictable shortfalls.
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