Client Banking allows administration of one collective bank account for all client funds. Funds recording, reporting, and interest allocation all occur at the client level! Stop maintaining separate bank accounts for your higher-needs clients! Imagine the timesavings of managing one collective client account instead of individual accounts!
Benefits
Integrates with Client Information and General Ledger
Client personal and bank data is pulled from Client Information. Deposits, withdrawls, and interest allocations are entered through the Money Transaction feature of the General Ledger module.
Allows for Administration of One Client Funds Account
Due to circumstances, some agencies find it necessary to manage client bank accounts. Huge increases in efficiency can occur when using a collective bank account for all client funds. Our Client Banking module makes this dream a reality by recording, reporting, and distributing interest at the client level in a group account setup. Client Banking allows unlimited clients and transactions.
Client-Level Reporting
Various reporting options are built into Client Banking. Report down to the transaction level by client, group of clients, and all clients on user-defined data ranges. One click access gives you an up-to-date client account balance.
Features
- Interest allocation is system computed and based upon the average daily balance of each client
- Memorize/recall transactions for fast entry of recurring entries (Rent payment, SSI, etc.)
- Export all reports to Excel for manipulation and specific reporting purposes