Bank System (BNK)
The StreamV Bank System is an on-line, real time system, that is fully integrated with the Accounts Payable, Accounts Receivable and General Ledger Systems. The Bank System allows you to quickly display the transactions affecting a specific bank account, and to view detailed information about each transaction. Records are created in the Bank file for each transaction that affects a general ledger cash account.
The primary tasks or business processes that can be performed with the Bank system are listed below. Each of these tasks are described in more detail in later sections of this document.
Display Bank Transaction Details
The Bank System can be used to quickly access detailed information about the activity in your general ledger cash accounts.
Clear Bank Transactions
The programs in the Bank System allow you to quickly “clear” check and deposit transactions. Bank records in local currency are cleared by adding the date the bank cleared or processed each transaction to the transaction record in the system.
Record Exchange Rate Gains and Losses
The Bank System can also be used to process adjustments which are required due to exchange rate variances on foreign currency bank transactions. The Bank system allows you to specify both a cleared date and a cleared house currency amount for foreign currency transactions, and it automatically records any exchange rate gain or loss due to clearing the record.
Create Outstanding Check Reports
The Bank system allows you to produce information that is useful for bank reconciliation purposes such as a list of outstanding (un-cleared) ck, wire or deposit transactions for each account
More:
BNK Maintenance/Utility Programs
Bank System Monthly or End of Period Procedures