Accounting and banking

This guide explains how a cheque received from a customer moves through MISAC, from the moment a collector takes it to the day the money is in the bank.

A flexible voucher for accountants.

The bank's own record of your account, brought in from the statement so it can be matched against what you have posted.

The cheque books you hold for each bank account.

The cheque desk.

A list of cheque payments waiting for their cheque number.

The saved layouts your cheques are printed from.

The register of every cheque leaf your office has printed.

A Contra Voucher records money moving between two of your own accounts, for example taking cash out of the bank or depositing cash into it.

A Journal Voucher records an accounting entry by hand, using debits and credits.

The other party's statement of your account, loaded line by line so it can be matched against your own books.

A Payment Request asks for approval to pay someone an amount.

A Payment Voucher records money you pay out to a supplier from your bank or cash.

The list of customers' cheques you are holding but have not yet put through a receipt.

The plan for what a receipt is going to settle.

A Receipt Voucher records money you have received into a cash or bank account, such as a customer payment, rent collected or other income.

A workbench that lines your books up against an outside record.

The register your VAT return is filed from.