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Intsys UK Ltd
The latest Accounting, Payroll and Pegasus Software News from Intsys UK
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New Web Xchange Timesheets
With Opera 3 and Pegasus Web Xchange, completing and submitting timesheets, whether remotely or in the office, is now at your employees’ fingertips.
Integrating with Opera 3 Payroll & HR, Timesheets via Pegasus Web Xchange allows employees to enter their timesheets from any location that has internet access, using their device of choice. Office-based staff can equally use this simple and highly accessible timesheet recording system to manage their time and activities efficiently.
With a timesheet entry facility that’s integral to Opera 3, there’s no more need for the payroll team to import numerous timesheets in spreadsheet format every time they perform a payroll run. Consequently, admin time and the possibility of error are significantly reduced.
For more information check our dedicated webpage here.
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CIS Construction software
Pegasus CIS is contract costing software built with the construction, site project and installation industries in mind. It is a fully integrated piece of software that manages your costs, helps to narrow in on budgets, manage phases of work and safeguards project profitability.
With the construction industry once again enjoying a period of massive growth in and around the UK, controlling project costs and protecting margins has never been so important.
Positioning itself as a target for the mid range contractors and subcontractor market, the Pegasus CIS software handles retention, deferred VAT, CIS monthly submissions to HMRC, Plant Hire, Inventory, Bills of Work, Contract phasing, budgets, timesheets, payments and direct Invoicing.
“Pegasus CIS enable us to run our business better, freeing up time and making information more readily available so that we can make better decisions and focus resources on growing the business”
Jerry Anderson, Director, Agripower Contractors
When you consider that the average construction project suffers 150% cost overruns and completes more than 175% late, there’s clearly a great need for software that can help you to deliver projects on time and within budget – and transform your profitability.
Controlling the costs of a project can be a daunting task. Not only does a company need to track the costs of purchases, there may be subcontractors who need to be paid under HMRC’s Construction Industry Scheme regulations, as well as raising and chasing Payment Applications to clients. Has a Payment Application been certified? How much is the Main Contractor Discount? When is the Retention due for payment? How much profit did you make on that job? These are the typical questions asked, but getting the answers quickly can be a problem when running a construction project.
Pegasus CIS has been specifically designed to give instant access to live information at your fingertips, allowing you to efficiently manage your contracts through every stage. Knowing what is owed, when it is due and who needs to be paid and when are critical issues in the process. Pegasus CIS addresses these and many others, as part of helping you manage your contracts effectively.
With scalable versions starting from the competitively priced Microsoft Access product through to the larger SQL versions, Pegasus CIS has a model to suit all sizes of business.
Once the costs are collected and the projects are moving into work in progress, you need to make sure the finance teams and/or accountants can get what they need - Pegasus CIS can connect seamlessly with Opera 3, Opera 3 Payroll, Sage Line 50, Sage Line 200 and Sage Payroll. This means that you do not necessarily have to upgrade your accounts package in order to enjoy the benefits.
Why not have a look at the 30 minute online webinar on our dedicated CIS page here to see how powerful this tool really is.
#cis construction subcontractors constructionindustryscheme constructionindustry#cis#construction#subcontractors#construction industry scheme#construction industry
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Backups, why are they necessary?
The support team has produced an article explaining:
-Types of backups
IT Team Complete System Backup
Pegasus Opera 3 Data Backup
-Key considerations before taking a backup in Pegasus Opera 3
The responsibility for Pegasus Opera backups should not only be the company IT team but also the users.
Read more
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It’s a simple as upgrading to Opera 3
Forget about your existing Opera II configuration, upgrade to Opera 3 and choose the number of users and applications that fits your business today!
With the annual price of maintaining Opera II going up at the rate of inflation, it’s never been more important to invest in your business and upgrade to Opera 3 or the Pegasus Business Cloud.
Pegasus are offering a limited time offer where Opera II customers can upgrade to Opera 3 not on a like-for-like basis and choose the number of users and applications needed!
With Opera 3, you will find Pegasus Web Xchange seamlessly integrating with Opera 3 Payroll & HR. What's more, E-mail Payslips & P60s included as standard with Opera 3 Payroll & HR. You will find this feature saves time and money.
For those who do not have Payroll & HR modules - there are other benefits too. Improved reporting is a key value of Opera 3, as you can directly export data into Excel. It will also improve your cash flow with the Credit Management Centre and reduce customer debt. In addition, Pegasus Scheduler will bring more efficiency to your business and run key tasks outside of the office hours.
Taking the next step to Opera 3 couldn’t be easier with Intsys Support as we understand how important it is to have a system that will grow with your business. That’s why Intsys UK will ensure you have a smooth transition to Opera 3 with minimal disruption to your business. Plus, we will organise an Opera II to Opera 3 Accredited Training session to aid the transition.
For more information or a quote please email your name, company and query to [email protected]
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Don’t stress on a Monday morning… errors are not uncommon
General / temporary errors can be a typical occurrence with applications on a Monday morning, or if you have not used your machine for an extended period of time. But why does this happen?
The weekend and/or evening is a prime opportunity for network or PC updates to be carried out, as users are less likely to be active in the system during these times and downtime can be minimised.
Common general issues can include error messages or file access difficulties when first logging into your Pegasus Opera application. This could also occur during processing and you may experience sluggish performance throughout your application.
Computers, like us humans, need a chance to refresh every now and then – if you have left your machine on overnight, or have not used it for a long period of time (more than a day) and are experiencing errors upon your return, it may be necessary to restart your machine in the first instance to apply any new settings or updates.
We would also always recommend you to shutdown your PC completely (or at least regularly) when you leave the office or finish work for the day, as this will help to refresh your system.
If you are having issues with your Pegasus applications please contact your Intsys Support team via [email protected].
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Cloud Computing: Apps vs Desktops
As more businesses start to utilise cloud computing, it’s interesting to see the options that are available for specific software and total virtualisation.
If you are thinking of Opera 3 in the Cloud, it is crucial to understand which type of solution is right for you. Cloudsis, the Intsys UK Cloud division, have two options available for Pegasus Opera 3 users; Published Apps, which is similar to those on a smart phone or tablet, or a Full Desktop.
Each solution has its merits, let’s take a look at the key differences:
Published Apps:
• Simple and easy to use
• Familiar interface
• Loads on your PC like a locally installed software so you can switch between programs easily
Desktops:
• Fully virtualised cloud network with server and workstations
• Allows all existing applications to be migrated to the cloud
• You utilise Opera 3 from your virtual desktop
• Familiar Microsoft desktop environment
By this point you will see very clear differences between these solutions, however we must mention that both solutions contain the following features as standard:
• Increase/decrease users to your requirements
• Give users access to different programs with specified rights
• Daily backups of the system, with 30 days recovery
• Printer settings automatically taken from local PC - no extra configuration needed
• Can point to your own email exchange
• A hosted email exchange can be provided as an additional service
• Full copy of office
• Accessible via a browser from any device
You can see that the Pegasus Opera Cloud solution is a great solution all round, however, considering all the options available would you go for Apps or Desktops?
To book a free of charge Opera 3 Cloud demonstration contact the Intsys UK Cloud division at [email protected] today.
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BACS Payment Software Changes
For our ePAY BACS software users, you may be aware that BACS is changing the way their system works to enhance the level of security when making payments.
These changes are necessary because the internet community is adopting new security certification protocols, which will affect the requirements for accessing various secure services.
This will require a future upgrade of your existing ePAY software to facilitate the changes as the current versions will not be compatible.
We will be shortly contacting all relevant users to discuss and make further arrangements as necessary.
If you have any queries or are interested in utilising BACS payment software, please do not hesitate to contact us via [email protected].
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CIS- Construction Industry Software
Pegasus CIS is contract costing software built with the construction, site project and installation industries in mind. It is a fully integrated piece of software that manages your costs, helps to narrow in on budgets, manage phases of work and safeguards project profitability.
With the construction industry once again enjoying a period of massive growth in and around the UK, controlling project costs and protecting margins has never been so important.
Positioning itself as a target for the mid range contractors and subcontractor market, the Pegasus CIS software handles retention, deferred VAT, CIS monthly submissions to HMRC, Plant Hire, Inventory, Bills of Work, Contract phasing, budgets, timesheets, payments and direct Invoicing.
“Pegasus CIS enable us to run our business better, freeing up time and making information more readily available so that we can make better decisions and focus resources on growing the business”
Jerry Anderson, Director, Agripower Contractors
When you consider that the average construction project suffers 150% cost overruns and completes more than 175% late, there’s clearly a great need for software that can help you to deliver projects on time and within budget – and transform your profitability.
Controlling the costs of a project can be a daunting task. Not only does a company need to track the costs of purchases, there may be subcontractors who need to be paid under HMRC’s Construction Industry Scheme regulations, as well as raising and chasing Payment Applications to clients. Has a Payment Application been certified? How much is the Main Contractor Discount? When is the Retention due for payment? How much profit did you make on that job? These are the typical questions asked, but getting the answers quickly can be a problem when running a construction project.
Pegasus CIS has been specifically designed to give instant access to live information at your fingertips, allowing you to efficiently manage your contracts through every stage. Knowing what is owed, when it is due and who needs to be paid and when are critical issues in the process. Pegasus CIS addresses these and many others, as part of helping you manage your contracts effectively.
With scalable versions starting from the competitively priced Microsoft Access product through to the larger SQL versions, Pegasus CIS has a model to suit all sizes of business.
Once the costs are collected and the projects are moving into work in progress, you need to make sure the finance teams and/or accountants can get what they need - Pegasus CIS can connect seamlessly with Opera 3, Opera 3 Payroll, Sage Line 50, Sage Line 200 and Sage Payroll. This means that you do not necessarily have to upgrade your accounts package in order to enjoy the benefits.
Why not have a look at the 30 minute online webinar on our dedicated CIS page here to see how powerful this tool really is.
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Curbing the impact late payments have on your small business
As a small business it has never been more important to manage late payments from your customers. Now that late payments have become a part of our UK business culture, many businesses struggle to maintain the 30 day standard terms, with some customers taking over 100 days to pay up!
Key facts:
• Small and medium businesses are owed a total of £26.8 billion in overdue late payments.[1]
• £10.8 billion is spent per year in attempts to recover overdue payments.[1]
• According to an FSB[2] survey of its members, in 2014 51% had experienced late payment within the previous 12 months.
A statement from The Federation of Small Businesses[3] shows just how big of an issue late payments are;
"The time has come to address this issue once and for all. The abuse of small firms in their dealings with bigger businesses cannot be allowed to continue. We have seen the UK's payment culture significantly deteriorate in the past five years. The gradual creep of payment terms from 30 days to well over 100 days in some cases, coupled with debilitating contract terms, can have a disastrous effect on a small firm's ability to operate. For payment culture to improve, we need fresh thinking and decisive steps to be taken."
However, the future is looking brighter as the government released proposals on the 26th July 2015 for a new Small Business Commissioner to lead a culture change in how small businesses resolve disputes with larger companies.[4]
In order to assist small businesses Pegasus have created a “no-hassle” approach to Credit Control! By utilising the outstanding Credit Management Centre in Pegasus Opera 3 you will reduce your customer debts and improve your cash flow. It integrates with the Sales Ledger and provides a series of key dashboard views for effective credit control, as well as the tools you need to manage customer debt.
In addition, the advanced Debt Management features include up to nine levels of Debtors levels that can be customised then emailed or posted directly from Opera 3.
For a demonstration of Opera 3 Credit Management Centre or a quote please contact us at 020 8605 9700 or [email protected].
Speak to one of our dedicated Sales advisors! Just phone 020 8605 9700 Option 3.
[1] Bacs.co.uk,. 'Bacs Corporate Homepage'. N.p., 2015. Web. 7 Aug. 2015. http://www.bacs.co.uk/
[2] Fsb.org.uk,. 'Small Business Support'. N.p., 2015. Web. 7 Aug. 2015. http://www.fsb.org.uk/
[3] Fsb.org.uk,. 'FSB Calls For Independent Inquiry Into Late Payment Practices - Federation Of Small Businesses News'. N.p., 2015. Web. 17 Feb. 2015. http://www.fsb.org.uk/news.aspx?rec=8896
4] Gov.uk,. 'New Commissioner To Tackle Late Payment Culture - Press Releases - GOV.UK'. N.p., 2015. Web. 26 Jul. 2015. https://www.gov.uk/government/news/new-commissioner-to-tackle-late-payment-culture
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Pegasus - a Finalist in the 2015 Payroll World Awards!
We are very pleased to announce that Pegasus Software has been shortlisted to win the prestigious “Payroll Software Product of the year Award” at the Payroll World Awards – The industry’s leading independent Payroll Awards.
Launched in 2011, the Payroll World Awards sponsored by Intuit is now firmly established as the leading awards platform for the payroll industry. The ceremony where the winners will be announced is to be held at the Tower Hotel in London on the 12th November 2015.
This is not the first time Pegasus have won and been shortlisted for awards. They were named the WINNER of the FD’s Excellence Awards 2014 and Accountingweb SSA Business Intelligence Awards 2013. They were also named a FINALIST at the Payroll World Awards 2014.
It’s no surprise that Pegasus Opera 3 Payroll is a finalist this year as the software includes a wealth of features, such as HMRC PAYE Recognition, fully automated statutory payments, P32 processing and many more.
As well as all this functionality as standard there are also highly developed elements in the latest version releases, such as Email Payslips/P60s and Salary sacrifice.
With Opera 3 Payroll you get the Personnel/HR module complimentary as part of the software. This is a brilliant tool for your HR team to record working patterns, absenteeism, holidays and a training diary with cost features.
You must be thinking Opera 3 Payroll software couldn’t get any better… Well the BRAND NEW Pegasus Web Xchange & Payroll Self Service gives users the ability to log-in and manage their own information online! The Web Xchange platform integrates with Opera 3 Payroll to offer employees remote access to their payslips and P60s, personal data, pension information, absence details and holiday entitlement.
Finally, Opera 3 Payroll integrates with the all important Document Management, Financial and Supply Chain modules. As well as Pegasus Instant Messenger and Payroll stationery!
For a demonstration of Opera 3 Payroll or a quote please contact us at 020 8605 9700 or [email protected].
Speak to one of our dedicated Sales advisors! Just phone 020 8605 9700 Option 3.
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Growing web presence of Intsys UK!
Exciting news! We have been getting a lot of coverage in the media in recent weeks. For instance, our clients Contract Cleaning Facilities & A Warne have been mentioned on the most recent Pegasus Newsletters as Pegasus Business Cloud case studies.
With the Pegasus Newsletter being orientated towards both clients and partners and contains the latest Pegasus solution news, industry news, special offers and information regarding the latest software releases. The Pegasus Partners generating the most impressive sales are featured and Intsys UK are featured at least once a month.
Sometimes we are featured with Pegasus Opera 3 case studies; however we are also praised for our on-going and dedicated Cloud services to Pegasus users.
We have also been featured on Accountancy Soul, the Accountancy Software Blog, as a leading provider of Supply Chain Management Software via Opera 3. Accountancy Soul re-blog information shared on the social media site, Twitter. This has enabled us to reach new consumers all over the world and show the benefits of using Pegasus Software.
We are excited to see the growing web presence of our brand and will continue to work with Pegasus, who is one of the major suppliers of modular accounting, business and payroll software solutions to SMEs.
We are proud to be a dedicated Pegasus reseller, solely focussing on providing and supporting Pegasus Business Software like Opera 3, CIS and XRL.
Please follow us on Twitter, Facebook, Google Plus to keep updated with the latest products from Pegasus and services from Intsys UK.
Intsys Sales Team
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Microsoft Windows 10
As you may know there is a brand new Operating System available – Windows 10.
Please be advised that Pegasus has started rigorous testing in order to release fully supported versions of their software. We will inform you as soon as the supported releases become available, however if you are running Pegasus applications please do not attempt to upgrade to Windows 10 until further notice.
With any new Operating System we would strongly recommend you check for compatibility with your existing software before upgrading – please always speak to your relevant support team if you are not sure. It also important not only with your software, but to check that your devices and your PC itself are fully compatible.
If you have any queries please contact us via [email protected].
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VAT Processing Improvements and other new features in Opera 3 (2.23)
Some productivity improvements have been included in the latest version of Opera 3 (2.23), allowing users to process in areas such as Sales Order Processing and Sales Receipts when other users are running VAT Reports or using the VAT Online functionality.
To achieve this, items such as the VAT Return and VAT Reports which were previously on the Action menu of the VAT Processing form have been separated out into Processing and Reports folders.
A new VAT Return Adjustments form is now available in the VAT Processing folder which allows users to make direct adjustment postings to the VAT files.
Please note: this has an impact on user security so ensure you only give appropriate users access to the new VAT processes.
Other new features included in Opera 3 version 2.23
PROMPT PAYMENT DISCOUNTS
The releases include the ability to automatically handle VAT reductions that apply where an offer of settlement discount is taken up by a business (where settlement discount is offered to them by a supplier) and a customer (where settlement discount has been offered to that customer by the business).
The Suggested Payment Report and Authorised Cheques and BACS processes have been enhanced to deal with settlement discount VAT adjustments. This will allow users to pay automatically if settlement discount is taken.
Flexibility is built in; users can continue to use credit notes or choose to use VAT adjustments.
Please note: for manual payments and receipts that cater for VAT adjustments, it is the responsibility of the user to confirm the values.
The new processes impact Sales Processing Receipts and Purchase Processing Payment forms. They include new checkboxes and fields. Users not applying settlement discount will not be affected by these changes.
For any customer using Opera 3/Opera II with Pegasus CIS/Operations II where purchase invoices with settlement discount are posted to Opera 3/Opera II from Pegasus CIS/Operations II, credit notes will still have to be used and the invoices paid manually until further notice.
MORE REPORTS CAN BE OUTPUT TO EXCEL
Following feedback from customers, five further reports can be output to Excel for improved reporting:
Sales Ledger – List of Accounts
Purchase Ledger – List of Accounts
Nominal Ledger – List of Accounts
System – Exchange Rates Listing
Stock – Detailed Listing of Stock Records
PURCHASE LEDGER IMPROVEMENTSA VAT Tolerance check has been added to the Purchase Ledger when creating new invoices and creditnotes through Purchasing and PIR Processing. This is to identify transaction lines where the systembelieves that the VAT Amount should be different from that which has been entered.In addition, the total of the payments marked for inclusion in the Print Cheques, PrintCheques/Remittances and Create BACS routines in the Purchase Payment menu is displayed on theform.
PURCHASE LEDGER: HELD INVOICES REPORTThe criteria form for the Held Invoices report in Purchase Reports has been enhanced to allow users toshow only the outstanding balance of any Held Invoices. This applies to both the standard and theExcel report.
CRM ENHANCEMENTSA new form appears on the Action menu of the Company Processing form. The Region, Territory,Customer Type and Warehouse fields have been removed from the General tab main form and are nowavailable on an ‘Analysis’ form. The Cost Centre, Despatch Method and Delivery Route fields arepresent. When creating a new Prospect, the Analysis form is automatically loaded when the record isfirst saved, followed by the Contacts form.
If you would like to upgrade to Opera 3 (2.23) please contact [email protected]
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Web Xchange Timesheets
Empower employees and ease the burden of the Payroll team
Pegasus Web Xchange is a secure and easy way to access your Opera 3 data on the go, and now it gives you the power of completing and submitting Timesheets remotely. Your office-based and out of office staff can equally utilise this simple and yet crucial recording system to manage their time and activities effectively.
How it works
With Timesheets, managers set up tasks and employees record their hours worked against any of these tasks. Tasks can be project-related or non-project related, such as holiday or sickness, providing a complete time record for each employee.
Timesheets can also cater for time entry against a shift that might include overtime or unsociable hours payments; these can be reported on and can be posted to Opera 3 Payroll.
With Opera 3 and Pegasus Web Xchange, the power of completing and submitting timesheets remotely is now at your employees’ fingertips.
Employees don’t need to be users of Opera 3 to use Timesheets. Additionally, it is structured in such way that managers are setting up tasks and employees are recording their hours worked against any of those tasks. Timesheets can be approved or rejected with up to 2 levels of approval, and returned to employees for amendment and re-submission. Managers can easily track employee time with reports showing a full history of all submitted timesheets. Timesheets can be filled partly and completed at a later stage, which is an ideal feature for recording daily times and submitting them at the end of the week. Once approved, timesheets can be passed to Opera 3 Payroll for inclusion in the next payroll run.
An extra convenient attribute of this system is that any employee can be defined as “No Payroll Update”, which means that any employee can fill in their timesheets, but these will not be passed across to Opera 3 Payroll. This is useful for employees that are salaried and do not get paid based on hours worked.
Download WebXchange Timesheets brochure here
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Opera 3 / Opera II Forthcoming Releases
The next release of Opera 3 (2.23) and Opera II (7.43) will cater for some automation for customers processing PPD (prompt payment discount). In addition to this, the new releases will also include VAT Return improvements to allow more efficient processing, further report outputs to Excel (Opera 3 only) and other functional enhancements.
Prompt Payment Discounts - Phase 2
The new releases of Pegasus Opera 3 and Opera II will include the ability to automatically handle VAT reductions that apply where an offer of settlement discount is taken up by a business (assuming settlement discount is offered to them by a supplier) and a customer (where settlement discount has been offered to that customer by the business).
The Suggested Payment Report and Authorised Cheques and BACS processes will be enhanced to deal with settlement discount VAT adjustments. This will allow for Pegasus Opera users to pay automatically if settlement discount is taken.
Flexibility is built in; users can continue to use credit notes or choose to use VAT adjustments.
Please note: for manual payments and receipts that cater for VAT adjustments, it is the responsibility of the user to confirm the values.
The new processes impact Sales Processing Receipts and Purchase Processing Payment forms. They include new checkboxes and fields. Users not applying settlement discount will not be affected by these changes.
Any customer using Opera 3/Opera II with Pegasus CIS/Operations II where invoices with settlement discount are posted to Opera 3/Opera II from Pegasus CIS/Operations II, credit notes will still have to be used and the invoices paid manually until further notice.
Further enhancements
The upcoming release also includes VAT processing improvements, 5 further reports for output to Excel (Pegasus Opera 3 only) as requested by customers and Partners, and more.
VAT improvements: The menu structure will change; VAT reports and VAT processing will be split out. This will allow users to post adjustments directly to the VAT return and run reports without impacting other users in the system.
Please note: this will have an impact on user security so ensure you only give appropriate users access to the new VAT processes.
A further more detailed guide to Prompt Payment Discounts in Pegasus Opera will soon be available.
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Opera 3 data and system Backups.
At Intsys we recommend that you possess daily, weekly and monthly backups of your Pegasus Opera 3 data. It is also necessary to perform a backup of data prior to performing major processing functions such as a payroll update or Nominal period end.
The responsibility for Pegasus Opera backups should not only be the company IT team but also the users.
Types of Backup
A) IT Team Complete System Backup
This would usually be managed by the entity responsible for the IT support; this may be an individual an internal IT Department or an external support provider.
Usually system backups would be performed automatically, out of office hours to prevent interruption of the business.
It is necessary to backup, in its entirety, the complete Opera installation, to include all sub folders and files within.
This type of backup may be necessary in case of a virus infection or corruption of data affecting the whole system.
PLEASE NOTE: Incremental Backups are not suitable for use with any Pegasus products.
B) Pegasus Opera 3 Data Backup
Pegasus users should take responsibility for backing up their Opera system. Opera has an integral backup routine, which is easy to use and allows selective backups of companies.
– You can use the Backup command in Pegasus Opera 3 to backup your data for selected companies (This process can only be carried out by a User with “Manager Rights”).
This type of backup will be more appropriate in the event of corruption to the company data in Pegasus Opera 3 or when users need to reverse major changes such as period ends made within Pegasus Opera 3. These backups allow you to restore the data easily to a previous point using the restore wizard within Opera.
You can access this function via Administration > System> Utilities > Backup.
[For a step by step guide please read our Tips&Tricks article here]
NEW PEGASUS SCHEDULER
Pegasus have created a new SQL based tool for scheduling backups that can be very helpful. The new scheduler allows you to schedule some tasks in Opera 3 to run at any time on a chosen day. Using the Task Scheduler you can plan and process the tasks outside of your normal working day and be confident that your staff can carry out their normal day to day processing tasks without interruption.
With this new feature you can easily backup your companies every day and ensure that your data is safe without disrupting the day to day running of your business.
Other processes that can be scheduled in Opera 3 are:
Update Data Structures
Tidy System
Perod End
Rebuild Periods and History
Period End in SL and PL
Reorganisng WebXchange Audit files
Repeat invoices
Reorganise SOP/Invoicing
Stock Period End
POP reorganise
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Do you regularly reconcile your accounts?
The reconciliation process is often overlooked, but as you appreciate, it is a vital part of any accounting function. It is important from an accounts perspective to run through this process every month as a way of double-checking to ensure the accuracy of your data. Even with strict controls in place, there is always the potential for inadvertent errors.
General tips for reconciling your accounts include (but are not limited to):
- Printing reports from the peripheral ledgers, such as Invoice & Credit Notes, Receipts/Payments and Adjustments
- Printing and reviewing your Debtors/Creditors reports
- Comparing your debtors/creditors balances with the respective Nominal Ledger Control accounts
- Bank Reconciliation
- Ensuring that any transactions waiting to be transferred have been processed via the relevant transfer routine in Nominal > Utilities.
- Run your period end processes once you are happy with the figures in your accounts (You must always take a backup before such processes).
It is also imperative to retain copies of any reports printed prior to any period end process so that they can be referred to at a later date if necessary.
Intsys Training can offer a dedicated training session to advise you on suitable reconciliation processes tailored to your requirements. For more information please contact [email protected]
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