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Peresoft Newsletter

Welcome to the Peresoft newsletter where we bring you all the latest information on Hotfixes, RecXpress and EFTXpress bank formats and any other pertinent information to keep your clients up to date.

Product News

Peresoft is proud to announce the release of Cashbook, RecXpress and EFTXpress for Sage 300 2019.

Cashbook 300 2019 features continued modernization of the technical architecture, and a new global search utility improving visibility across your entire system.

Global Search

Enter a reference, description, bank code and Global Search will find transactions or records across your entire database including Cashbook. You can search for people, companies, transactions, accounts, and many other types of records. Global Search is a powerful but streamlined search tool that you can open from the desktop ribbon at the top of the screen.

You can choose to search the following tables in Cashbook for transactions:

  • Transactions
  • History
New bank formats added for RecXpress and EFTXpress

RecXpress

Bank Format Country
ANZ Transactive Global CSV Statement Australia
Maybank Berhad Malaysia
Bank Islam Malaysia Berhad - Bank Islam e-Banker Malaysia
Stanbic Bank Uganda - Stanbic Business Online (CSV) Uganda
Centenary Bank Uganda - Centenary Bank (CSV) Uganda
HSBC Bank - QYIK Daily Canada
BAI Cash Management V2 (Append 88) bank format Canada
View All RecXpress Bank Formats

EFTXpress

Bank Format Country
Sage Pay South Africa South Africa
Standard Bank Namibia - Business Online Namibia Namibia
Standard Bank - SSVS Free Format Namibia - Vendor Name Namibia
View All EFTXpress Bank Formats
Product Tips

Cashbook

Requirement: I need to enter an Accounts Payable Refund.

Solution: You cannot process a receipt to an Accounts Payable Vendor in Cashbook because Sage 300 Accounts Payable does not allow receipt entries.

These are the entries you must enter:

  1. In Cashbook a Cashbook entry type receipt entry with the Accounts Payable Bank Clearing Account in the detail line.
    This will result in the bank account being debited and the Accounts Payable Bank Clearing account credited.
  2. In Accounts Payable an Accounts Payable adjustment entry against the documents and in the detail line to the Accounts Payable Bank Clearing account.
    This will result in the Accounts Payable Control account being credited and the Accounts Payable Bank Clearing account being debited.

The nett result will be that the Bank Account is debited, the Accounts Payable Control account is credited, and the Accounts Payable Bank Clearing account is debited and credited resulting in a 0.00 balance.

Product Tips

RecXpress

Requirement: I need to generate bank transfer entries from my bank statement in RecXpress.

Solution: When you import the bank statement for the sending bank (where the bank transfer is transferred from) you must select a Bank Transfer Clearing account.

The bank account will then be credited, and the Bank Transfer Clearing account debited.

When you then import the bank statement for the receiving bank (the bank that the bank transfer is transferred to) you must also select the Bank Transfer Clearing account.

The bank account will then be debited, and the Bank Transfer Clearing account credited.

The nett result will be that the Bank Transfer Clearing account balances to 0.00.

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