Banking

Adding Practice Managers Banking module provides a complete and fully integrated accounting solution without the need to purchase other stand alone software to manage only part of your finances. It also gives you real control over your finances, a facility that is standard in commercial accounting systems yet lacking in many specialist practice management accounting systems.


Easy Account Reconciliation...

Practice Manager will record all banking information, allowing you to reconcile your banks statements with your computerised accounting records. This should reduce the workload needed for your accountant when auditing your accounts at the end of each year and maybe even his charges too!

Computerised Paying - in Book ensures actual banking match computer records...

By using the computerised paying-in book to ensure that your actual bankings tally with your computerised records, you can reduce the amount of time taken at the end of the year trying to find and reconcile differences. In fact, Practice Managers can give you much greater detail than your bank statement - for example if you paid in a cheque from BUPA covering 10 patients, Practice Manager will show you the breakdown of the patients and amounts involved for each payment, not simply a single line entry saying "Sundry Credit"!

Track regular payments easily...

Recurring payments such as standing orders or direct debits can be entered into Practice Manager to automate regular entries such as mortgage, loan repayments and subscriptions. Even more complicated regular payments such as Council Tax which may be paid monthly for only 10 months of the year can be handled easily. Practice Manager handles all these with ease…

Find that payment or cheque in seconds…

You can search through your banking records in seconds to find a particular transaction by varying criteria including invoice number, amount, payee or date. You can also tell Practice Manager to only display only certain types of transactions such as Reconciled or Un-reconciled or only Debits or Credits.

Multiple Bank Accounts for complete record keeping....

Multiple bank accounts can be set up, allowing you to track practice accounts, petty cash and investment or savings accounts. Keeping a separate account for Petty Cash allows you track all of those small cash payments (window-cleaning etc) which may otherwise be lost and have to be written off at the end of the year. Practice Manager will also easily allow you to record inter account transfers when, for example, you draw out cash from the practice account to top up the petty cash account.