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According to Investopia, a cash book is a financial journal that contains all cash receipts and payments, including bank deposits and withdrawals. Entries in the cash book are then posted into the general ledger. Larger firms usually divide the cash book into two parts: the cash disbursement journal that records all cash payments, such as accounts payable and operating expenses and the cash receipts journal, which records all cash receipts, such as accounts receivable and cash sales. There are numerous reasons why a business might record transactions using a cash book instead of a cash account. Daily cash balances are easy to access and determine. Mistakes can be detected easily through veri

How to Use SSL in Sage Enterprise Management (Sage X3)

Many companies that use Sage Enterprise Management (Sage X3) choose to have their Syracuse Web Server exposed to the internet for ease of access – no VPNs or remote desktop services to use – but making the connection open to the public internet exposes your web server/data to attack. Security is a necessity, as organizations need to keep their data private and secure. Using an SSL (secure socket layer) connection with a certificate from a trusted Certificate Authority protects the confidentiality and integrity of company data exchanged online. SSL is the standard security technology for establishing an encrypted link between a web server and a browser; this encrypted link will ensure that th

Budgeting with ERP - Escaping from Potential implications

Imagine the risk involved if a business isn’t able to meet up with certain financial obligations and expenditures because of poor budgeting which might result to (but not limited to); Being unable to pay its employees, leaving the company open to liability due to no insurance coverage and failure to pay rent. Budgeting will enable the business to provide regular earning reports and status updates. For Instance, a diversifying organization that is willing to embrace a new industry and by taking proper control measures for higher revenue and Return on Investment. It is never too late to make calculated and informed decisions about your business operations by incorporating an ERP solution for p

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