Raminian uses Bank Types to handle different types of funds, from MPESA (we can also connect to the Mpesa API) to Loyalty Points (translating points to financial values).

*Note that the first two banks are locked to CASH and CHEQUE

  • CASH – this is the default bank type for cash transactions
  • CHEQUE / CHQ – This will hold ‘uncleared’ or ‘post-dated’ cheques. The values will be shown separately from the account balances.
  • POINTS – Converts POINTS to VALUES, which are defined in the Loyalty Points Section (1 Point = Ksh X/-)
  • WHT-CUST – Control account for VAT Withheld value by the Customer
  • WHT-SUPP – Control account for VAT Withheld value by the Supplier

Navigate to Banking > Bank Transactions

Find all financial transactions here, including those entered as customer or supplier payments.

Note that if the Bank Type is CHQ then you’ll have an additional choice of selecting rows to clear them into a bank (explained under Customer Accounts)

A slightly simplified view allowing you to only enter received cheques.

This window is useful when restricting users from being allowed to access or edit other records.

This section allows you to transfer funds from one account to another.

Useful in situations, for example, when transfering funds from your MPESA account into your Bank.

Reconciling your bank accounts is an important step. This is usually done on accounting software (Quickbooks for example).

  • Provides business owners to double-check their accountants work,
  • Confirm if the bank has made any mistake,
  • or if you have missed any entries

The separate views of Credit and Debit allow you to quickly go through your end-of-month bank statement and confirm entries.

If your account is not balancing, you pay click POSTPONE which will record entries which have been confirmed as ‘POSTPONED’ while you find the missing entries (or get the bank to correct theirs)

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