Petty cash with float management

Petty cash with float management in Finance & Accounting helps teams run a connected Banking workflow with approvals, audit trails and reporting.

How This Feature Works

1. Configure chart of accounts, Choose IFRS or local template; multi-level CoA, dimensions (cost centre, project, branch, segment).
2. Auto-post from operations, Sales, purchases, payroll, stock movements, depreciation auto-generate journal entries with full audit trail.
3. Bank reconciliation, Import bank statement (MT940, CSV, API), auto-match against ledger; flag exceptions.
4. Tax & e-invoicing, VAT calculated per line; ZATCA Phase 2 invoices signed and submitted to FATOORA in real time.

Business Outcomes

• Close month-end in 5 days instead of 30
• ZATCA Phase 2 compliant from day one, no penalties
• Real-time AR aging dashboard, chase debtors before they age
• Audit-ready: every journal traces back to source operation

Related Features

Bank reconciliation with auto-match • Cheque printing, post-dated cheques • Cash flow forecasting

Industries That Use This Feature

Education • Healthcare • Legal • Retail • Manufacturing • Logistics