Technological advances in banking have

progressed in the last few years and now

the majority of cash receipts are electronic

( i.e BACS, CHAPS, Direct Debits, etc. ).

Although this is a major advancement it

causes headaches trying to automate the

processes in both the Accounts Receivable

and Treasury Departments.

Auto Cash is a web browser application that

resides on the Coda server and uses web services

to interface to the Coda application. This means

that the application can be accessed anywhere

in the world via VPN.

Autocash determines items on the statement that do not exist in Coda

and posts a document. Using Statement Processing it will automate

the following processes in a few simple steps:

1. Post the Cash document debiting the bank account in the Cash

Book and crediting the Customer in the Sales Ledger. As part of this

process Autocash also reconciles the cash book within Coda to the

electronic bank statement held within the Statement Tables

changing the status from “Available” to “Reconciled” and providing

a full audit trail.

2. Cash matching the Sales Invoice to the Payment document

changing the Pay Status in Coda from “Available” to “Paid”.

Both processes can be achieved in 3 easy steps with AutoCash:

1. Load electronic bank statement into Coda’s Statement Tables

2. Post cash documents and reconcile bank accounts

3. Match Customers

In order to achieve statement processing Autocash has sophisticated

logic to derive the customer number and outstanding invoices for

matching purposes.

Autocash analyses the bank statement and through sophisticated

scripts extracts relevant information for reconciliation purposes. For

example; embedded within the narrative could be a store number

or cost centre. Autocash can extract this information and post it to

an external reference field within the statement tables. This can

then be compared to transactions within Coda using the same

reference and automate the reconciliation based on value and

store number etc.