A web-based cash management service designed by Nextsoft.
The Finance page allows you to manage your cash, reconcile your accounts, process credit card transactions, record payments and make deposits. This system is fully capable of handling wire transfers, ACH, and other electronic transactions. By keeping all accounts balanced and reconciled, you will insure that the other areas of your business are being processed correctly. An error in a subsidiary area of the system can result in an error to cash, so daily monitoring and reconciliation is the check and balance for the entire financial system.
The Nextsoft Finance solution is your complete cash management package. This solution will manage your cash accounts, deposits, bank reconciliation, credit card processing, wire transfers & ACH, and direct deposit for payroll.
The Cash Accounts page allows you to create multiple cash checking, or investment accounts for tracking funds. Within each account register you are able to view a complete activity history including dates, type of activity, and a running balance. The drill down features allow you to view each account’s original transaction, deposit, payment, or adjustment. Account balances are updated in real-time as activity occurs throughout the system, and all activity is maintained on-line forever.
You are able to open and view complete deposit slip details in the deposit line of the account register. This, in turn, can be used to show the original customer payment and associated invoices on each deposit slip. A deposit slip is generated automatically as you prepare to take the deposit to the bank, saving time and errors.
Using the Recurring Transactions function you can setup recurring items and other funds to be drawn from an account automatically, making your reconciliation process easier. Nextsoft then calculates the outstanding balance of uncleared checks and deposits, and compares to the statement balance. Uncleared items remain unchecked in the account register to help identify lost checks.
Nextsoft allows you to process your customer’s credit cards through the system, rather than having to use an additional software package. Furthermore, Nextsoft can hold account numbers and monitor expiration dates, allowing you to setup automatic payment processing for your customers. Credit card processing through the Nextsoft system eliminates the need for the swipe terminal currently in your office, and allows employees from any location to enter credit card sales and receive authorizations. All settlement activity is completed daily by the system.
Nextsoft can create ACH formatted payments for submission to your bank, in lieu of printing checks. You still decide when to pay your vendors, but submit a batch of ACH transactions to your bank’s website instead of generating a batch of checks to print.
Nextsoft is perfectly capable of performing direct deposits to your employees.
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