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Then there’s the money. Bizuno incorporates all the banking features of the PhreeBooks Accounting engine and more. If it has to do with cash, the PhreeBooks banking module is involved.
Cash Receipts (money received from customers) – Cash receipts are defined as money received from customers for payment of goods and services. Bizuno uses a modularized payment method system to allow for multiple payment processors to be used.
Paying Bills (money paid to Vendors) – A necessary evil but Bizuno makes it as easy as possible to pay you bills. Payments may be made through several methods and are tracked separately to make reconciliation with the bank easy. Bizuno even allows you to pay multiple vendors at once, see the next topic.
Paying Bills in Bulk – Bizuno has a very powerful bulk payment manager that allows you to select which vendors to pay, which invoices to pay and how much. This feature is primary intended for paper checks, although it may also be used for electronic payments as well.
Customer Refunds – This feature will generated a payment record to a customer in response to a credit memo. A paper check may be generated or other type of transaction depending on what payment methods have been installed.
Vendor Refunds – Vendor refunds are handled in a similar way a customer receipts but for your vendors. With the right reference number, checks received from vendors can be deposited using the same deposit slip as your customer checks that day.
Cash Account Register – The feature provides a quick look at a cash account. Data is presented for a given cash account/period.
Reconciling with the Bank – Oh the joy of balancing the checkbook. Using some tips and tricks listed below, you can grooup your transactions by type per time period and greatly simplify this onerous task.
- How to receive partial payments
- How to enter a deposit
- How to balance your cash account
- How to edit the Bank Check form to fit your blank checks
- How to setup data encryption
Tips and Tricks
- Entering Reference numbers to make it easier to balance with the bank
- Setting default payment method settings
- Storing credit card information using encryption
- Generating a checking account deposit slip