Omni Accounts offers a full-featured Banking Module which is fully integrated with the Nominal (General) Ledger, Customers, Suppliers, Foreign Currency, Point of Sale and Job Costing Modules.
The Banking Module enables you to set up one bank account for every bank account the company operates. These can include cheque accounts, current accounts, credit card accounts as well as Point of Sale Clearing Accounts. All payments and deposits are captured through the various banking functions, which can then be reconciled against the bank statement provided by your banking institution to ensure accuracy. A specialised Bank Reconciliation function is provided for this task.
Each account has a corresponding Nominal Ledger Account. This means that as each transaction (Receipt or Payment) is entered into the Banking Module, it will be automatically posted to the linked (corresponding) Nominal Ledger Account. The relevant customer or supplier account is also automatically updated, as are the relevant VAT records as well.
Omni Accounts offers 3 Bank Accounts as standard on the Omni Essential Bundle and unlimited Bank Accounts on the Omni Trader Bundle and above.
The Omni Accounts Banking Module is protected by advanced user-permissions determined by the administrator of the system.