Cash & Bank Management

In PrismERP, Cash & Bank Management is used to handle all financial activities related to cash and bank transactions in a structured and organized way. It records daily cash inflows and outflows, manages multiple bank accounts, and keeps track of all cheque-related activities within the system. Every financial movement is stored with proper references so that transactions can be traced and reviewed whenever required.Users can record cash payments and receipts on a daily basis, along with deposits and withdrawals made through different bank accounts. The system also supports fund transfers between accounts, ensuring that internal movements of money are properly recorded. Cheques that are issued or received are tracked with details such as cheque number, date, bank, and status, allowing each cheque transaction to remain linked with its related account entry.

Petty cash transactions are also managed within this module, where small day-to-day expenses are recorded and monitored separately. Bank reconciliation is used to compare system records with actual bank statements, ensuring that all transactions are properly matched and recorded without missing entries. Any differences identified during reconciliation are reviewed and adjusted within the system.The system supports multi-bank and multi-account handling, allowing organizations to manage different financial accounts in one place. Access control settings ensure that only authorized users can perform specific cash or bank operations, depending on their assigned roles. Currency-based transactions can also be handled when required for different financial activities.All cash and bank activities are stored with detailed records, including dates, references, and transaction types. Reporting tools provide structured summaries of cashbook, bankbook, and cheque activities, along with audit trails for financial review and tracking purposes across the system environment.