The Transactions area is where you do most of the day-to-day Arbor Finance tasks.
Budget - Here you can post budget allocations to individual budget accounts, and virements between budget accounts.
Income - Here you post income transactions of all types, including VAT reimbursements.
Sales - Here you can perform activities for Sales Invoicing:
- Search and Process a Sales Invoice
- Create a new Sales Invoice
- Record an Overpayment
- Refund a customer
Expenditure - Here you post expenditure transactions of all types:
Adjustments and reversals - If necessary you can make corrections to income and expense transactions, or reverse transactions and reconciliations.
- Income reversal
- Income adjustment
- Expense reversal
- Expense adjustment
- Accrual reversal
- Unreconcile
Internal charges - The Internal charges screen allows you to transfer actual costs from one budget to others.
View/Post batches - Here you can view and post batch transactions.
Payments
Accruals
Where goods and services have been used but not paid for, or paid for but not yet received, then an adjustment is necessary in respect of this overpayment or underpayment to reflect an establishment's true financial state. This adjustment is called an accrual or, in the case of payment before the goods and services are used, a prepayment. Similarly, if the establishment has sold goods but not yet been paid for them, this should be recorded prior to running the year end process.
Bank processing
BACS
This section covers processing of BACS payments and running reports relating to these.
- Payments Pending report
- Create a BACS export file (and process the payment)
- Re-print remittances (coming soon)
- BACS Remittance report
Note also the Enquiries tool, which is used to search for transactions.
For fast entry of transactions, note the available date entry formats.
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