Improve Business Visibility with McLedger
A proper bookkeeping and cash management process provides you with a comprehensive view of your cash flow and working capital. Where does the money come from? What's the plan? McLedger gives you a detailed picture of your financial position through efficient cash management services. For all SMEs, McLedger offers an effective financial dashboard, tracking, and reporting system. The system is particularly useful for managing cash across several corporate branches, including international ones.
Customized Cash Management
The cash management solutions from McLedger provide you the freedom to satisfy your daily needs. In one place, match electronic payment transactions to invoices. Make payments to cash management account easily. Record POS payments that aren't applied to a single client or apply payments to accounts that aren't related to an invoice. Use the bill-focused payment cycle or print cheques quickly. You can move funds across accounts to places and entities whenever you need them using McLedger.
All of your accounts in a glance
The cash management solutions from McLedger provide you the freedom to satisfy your daily needs. In one place, match electronic payment transactions to invoices. Make payments to cash management account easily. Record POS payments that aren't applied to a single client or apply payments to accounts that aren't related to an invoice. Use the bill-focused payment cycle or print cheques quickly. You can move funds across accounts to places and entities whenever you need them using McLedger.
Management of liquidity
- Working capital is calculated automatically.
- To plan operating, investing, and financing cash activities, keep an eye on the current ratio and the fast liquidity ratio.
- Based on liquidity demands, scheduled/on-demand cash transfers between bank and/or (in the event of an in-house bank) intercompany accounts.
Bank reconciliations that are automated
McLedger connects to a lot of financial institutions all around the world in a secure manner. Automatically import transactions from your financial institutions and auto-create general ledger entries, reconcile your checking, savings, and credit card accounts in minutes for uncomplicated cash management.
Bank reconciliation is simply good financial management. Regular reconciliations protect your startup from minor errors such as overdraft fees and duplicate charges and help identify larger issues like a fraud before they spiral out of control.
Regular bank reconciliations prevent the worst-case scenario: fraud. Whether because of an understandable mistake or on purpose, fraud is never good for business.
Fraud might look like this:
- Unexpected or missing withdrawals and deposits
- Unauthorized checks
- Duplicate checks or transactions
- Overpaying an employee
Timely Reporting and analytics
- Forecasts of cash flow (by period, account, region, and entity) based on historical and present cash transaction, firm, and consumer payment behaviour trends.
- Liquidity projection for the short and long future.
- Customizable ad hoc and scheduled reports, such as a cash flow statement, cash position report, and reconciliation report.
