This option contains all Banking/Currency facilities, including reconciliation, transfers and reporting.
Autoline is designed to cope with both base and foreign currency rates which can be revalued as necessary according to pre-determined exchange rates.
Nominal Ledger system parameters must be pre-set to acknowledge multi-currency facility. There is a check box which in the case of multi-currency users must be set to a tick for Yes (refer to System Maintenance - Nominal Ledger System Parameters).
All currency codes must be created in the Add/modify currency codes found within the NL bank and currency menu, before expense codes can be created.
FEATURES
Manual bank reconciliation: Any Nominal account code that is flagged as a bank account and has a C open item indicator on the expense code is available for reconciliation. Each period end, the system will collate all entries marked with a Reconciled or Contra'd flag and consolidate them into a brought forward balance.
Bank reconciliation report: To support the audit trail from the bank reconciliation a report is available which can be ranged between dates, together with the facility to show all transactions - reconciled and unreconciled or reconciled only.
Currency exchange rates: This option allows you to view and/or amend Currency exchange rates.
EMU currencies: Allows you to view / amend the exchange rate for various currencies against the EMU.
Bank transfer/Currency journal: The Bank transfer option is the method by which bank journals are controlled, to transfer monies from foreign currency bank accounts to sterling bank accounts and vice versa. It is only available for expense codes flagged as a bank account.
Display bank account: This option allows you to view all designated Bank Accounts to determine the balances and transactions on those accounts.
Control account journal: This option is allows accounts that are classed as [bank] control accounts to be entered into a journal. This only applies if you are using the line entry of journals, as opposed to the grid entry of journals.
Currency revaluation: This option allows all foreign currencies accounts to be revalued whenever a change has been made to the currency codes. The option allows a detailed or summary printout of the revaluation, as well as the actual revaluing of the accounts.
Add/modify currency codes: This option allows to view , create or amend all available currency codes.
