This course teaches you how Connected Business helps you manage your finances. The course covers everything from tracking revenue and expenses to managing bank accounts. The majority of the course works with the Banking and Accounting modules but the Customer and Supplier modules help you control your finances as well.
The Banking Module is designed to handle bank transactions for petty cash, credit cards and bank accounts and to be able to reconcile each of these accounts effortlessly.
Easily track and reconcile all bank activity whether that be maintaining multiple banks and/or several bank accounts types. With the integrated banking system of Connected Business, all payment and bank transaction routines, even those from the other modules, are brought together into one central location. The Banking Module facilitates all banking transactions and produces concise reports and analysis, giving you the added feeling of security. Analysis for bank accounts and cash flow analysis from a Business Intelligence dashboard helps in making more informed decisions regarding finances as well as being able to plan a more effective expenditure program.
This banking portion of the course is divided into the following lessons: (1) Bank and Bank Accounts, (2) Process Bank Transactions, (3) Deposits and Fund Transfers, (4) Petty Cash Payments and Receipts and (5) Bank Reconciliation.
The Accounting Module features the most advanced accounting principles such as a multi-segmented general ledger, extensive transaction history and comprehensive budgeting. Audit trailing has been simplified even more and you have virtually unlimited financial reporting capabilities.
The Accounting portion of the course is divided into the following lessons: (6) Chart of Accounts 7) Journal Entries (8) Adjusting Entries (9) Bad Debts (10) Financial Statements (11) Period Closing.