Streamline Financial Operations: Bank Transaction Management

Product Support
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Welcome to the Empress guide on Bank Transaction Management. This feature is crucial for business users within Empress, as it allows you to easily manage all your bank transactions, track their status, and streamline your financial operations.

Feature Introduction

The Bank Transaction Management feature in Empress allows you to:

  • Record and view all your bank transactions
  • Sort transactions by date, status, and bank account
  • Track the transaction status (Pending, Settled, Unreconciled, Reconciled, Cancelled)
  • Link transactions to your company and currency
  • Detail transaction descriptions and reference numbers
  • Allocate amounts and manage party payments
  • Record transaction details like party name, account number, and IBAN

How to Use the Bank Transaction Management Feature

  1. To start, navigate to the Bank Transaction section in the Empress user interface.

  2. Click on the New button to create a new transaction.

  3. Fill in the required fields such as Date, Bank Account, Company, Currency, and Description.

  4. Depending on your transaction, fill in either the Deposit or Withdrawal field.

  5. Optionally, you can provide more details like Reference Number, Transaction ID, and Transaction Type.

  6. Under the Payment From / To section, specify the Party Type and Party.

  7. Provide the bank party details: Party Name/Account Holder (Bank Statement), Party IBAN (Bank Statement), and Party Account No. (Bank Statement).

  8. Once all information is filled in, click Save to record your transaction.

User Roles and Permissions

Access to the Bank Transaction Management feature is determined by user roles:

  • System Manager: Full access (create, read, edit, delete, submit, cancel)
  • Accounts Manager: Full access
  • Accounts User: Limited access (create, read, submit)

Conclusion

The Bank Transaction Management feature in Empress simplifies and enhances your business processes by providing a comprehensive platform for managing all your bank transactions. By utilizing this feature, you can streamline your financial operations, improve accuracy, and save time.

For more assistance, please refer to the Empress help documentation or contact our support team.