Nearly all businesses are part of the banking process, and, as such, they will have to have bank accounts. As part of Business Administrator’s financial management process, it will need to know, sometimes, details of the bank accounts you hold.
Location: Finance Manager, Banking and Debt
Overview
You take a sale, and you, or a member of your staff, takes the money and puts it into your bank account. Business Administrator will need to know about the sale, will need to know whether and when the money was banked, and in which account you put. Else it will not be able to help you with cash flow management, forecasting, or in providing you with details of the state of you business.
Business Administrator only needs to know about the bank accounts in low-level detail; so managing them should be quite easy. In fact, it only needs to know the details of the account, and also needs to be informed if details of the accounts change.
Account types
Business Administrator caters for an increasing range of account types, and you should enter details of all accounts where possible.
Facilities
Business Administrator tries to make it easy for you to define the world in which your bank account lives, and it offers a variety of process options that could be available to it. When you make statements about money moving, Business Administrator will present these facilities to you, thus making your life easier at the time.