Cash and Bank Management Course

Overview

The Cash and Bank Management course provides a detailed understanding of how organizations manage liquidity and cash flow within the Onfinity system. Participants will learn how to configure and use core financial components such as Cashbook, Cash Journal, Bank, Banking Journal, and Bank Statement Form to ensure accurate recording, reconciliation, and reporting of financial transactions. The course also focuses on maintaining financial accuracy through reconciliations, proper configuration, and tracking of both cash and bank activities, enabling smooth financial operations and compliance.  

Course Objectives

• Understand the concept and configuration of the Cashbook in the Onfinity system.
• Learn how to set up and manage a Cash Journal for recording daily cash transactions.
• Configure and maintain Bank and Bank Account records accurately in the system.
• Use the Banking Journal to record and reconcile all bank-related transactions.
• Configure and manage the Bank Statement Form for importing and reconciling bank statements.

Course Content

• Cashbook setup and configuration process
• Performing transactions in the Cash Journal
• Bank and Bank Account creation and setup
• Recording and reconciliation through the Banking Journal
• Bank Statement Form configuration and reconciliation process