Online Debtor Management
Whenever you generate an invoice or credit note, "SOMS" automatically posts it in the customer's Payment Remittance.
If the customer has an account with you, the Payment Remittance will reflect the total to be paid for the period 30 days or older. All the invoices and credit notes for that period will be listed in the Remittance. The customer can login to the Customer Console and accept the Payment Remittance which will be automatically hooked up to their payment and filed for future reference.
When you enter a Payment you select the bank account that you are paying into. You also select the method of payment (cash, eft, cheque, credit card, etc.). From these records, "SOMS" automatically creates lists of all the deposits that you have made in each bank account during the month. This helps you to reconcile your Payments with your bank statements.
Cash that is not deposited in a bank will be recorded in your cash box.
Cheques that are not deposited immediately will appear in your DASHBOARD until they are banked.