One of our clients has multiple bank accounts and a separation of duties between the user creating the payment batches and the user posting the batches. Manually entering payment batches is not an option due to volume. They require the ability to create multiple payment batches (one per bank) without having them posted.
Would be good to have this functionality or at least a switch to turn on this option if desired.
by: Bonnie W. | over a year ago | Financial Management
Comments
Not only that, but have an option in set up to Append or Create New Batches in sub ledgers... This is only available for GL.
The system should not limit the number of open payment batches. I think it was allowed in older versions of Accpac.
Hey Doug. I recently wrote a utility that allows you to create a payment batch using a selection grid where you can search for vendor invoices and quickly select the invoices you want to pay. It will also allow multiple users to be in the utility in order to create multiple batches at the same time as you are requesting. If you are interested you can email me at brad@kerr-consuluting.com and I can show you a demo. Cheers :-)
correction...my email address is brad@kerr-consulting.com :-)
The system should allow multiple "System Generated" payment batches to be created at the same time if they are for different payment code types - ex - EFT, Checks, Wires. If they are not using the check stock then there is little risk of duplication.
Tairox recently added it to there great set of must have productivity tools.
We too have multiple currencies and bank accounts and the time that is wasted having to process each batch at a time is not acceptable. I did look into Tairox but it will be an additional $840-1750 a year which is outrageous when pretty much every other system out there has been able to provide/include this feature for years.