Implementation of Effective Cashlink Features as of July 15, 2017

Update

Implementation of Effective Cashlink Features as of July 15, 2017

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Cash link is an innovation from the Journal as an answer to the challenges faced by many companies in Indonesia, especially Small Business Menangah (SMEs) who are still having difficulty making payments to their vendors. At present, there are still many companies that have to go to the bank to make payments via manual transfer. This method proved to require a lot of time, not to mention if there are incomplete documents.

This CashLink feature works to improve your efficiency in financial records, as well as the process of bank reconciliation or matching business financial records with bank statements.

Through Cashlink, users will be spoiled with the convenience provided to make transfers anywhere. With just one click in the Journal, the vendor payments or other costs required can be completed. Recording of transfer activities is also integrated with the Journal software so you can easily do recapitulation.

Here are some of the main points of the CashLink feature:

1. Smart Reconciliation Makes it easy for you to monitor cash transactions. The Journal System will automatically provide recommendations for matching based on similar numbers, dates, and transaction descriptions.

For example, you have a transaction to receive a sales invoice in the Journal, then when the account mutation with the same amount and the same / close date has entered the Journal system, the Journal system will automatically give recommendations to match the two. With Smart Reconciliation, you no longer have to search for these transactions among many other transactions.

2. Bank Rules Speed ​​up the reconciliation process (matching) by teaching the system to record automatically through bank reconciliation rules.

For example, you can add rules like:

If there is an account mutation in the BCA account 01020304 with a shipping nominal above Rp 500,000 and the description contains a “brochure”, record it as Advertising Costs.

   

The new Cash & Bank page displays the amount of money recorded at the bank so you can immediately see if there are transactions at the bank that have not been reconciled with your financial records. In addition, an action button is also added on the right side of the cash & bank account that allows you to directly act on the account from the cash & bank page. For now you can import bank statements and make financial transactions: transfer money, receive money, and make payments.

3. Direct Feeds Automatically copy account transfers into the Journal system directly from connections that have been approved by the Bank, thanks to the collaboration between the Journal and several Banks such as: BCA Tahapan and CIMB. This process is carried out every day at 12 noon and 12 pm, so you no longer need to download and import account transfers to record and reconcile transactions.

For how to activate Direct Feeds, you can see this page.

It should be noted that with the CashLink feature, your Cash & Bank page views will change.

The new Cash & Bank page displays the amount of money recorded at the bank so you can immediately see if there are transactions at the bank that have not been reconciled with your financial records. In addition, an action button is also added on the right side of the cash & bank account that allows you to directly act on the account from the cash & bank page. For now you can import bank statements and make financial transactions: transfer money, receive money, and make payments.

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