Spectrum Construction Management Software is a great fit for many businesses.Â Find out if it's the right choice for you!Â Are you looking for a Spectrum Construction Management Software demo, technical support, product or pricing information or to simply to compare Spectrum Construction Management Software with competitive options? Quickly get answers and the information you need.
Spectrum’s Cash Management module provides contractors with an efficient method of tracking and maintaining cash assets. Fully integrated with Accounts Payable, Accounts Receivable, Payroll, Job Cost, and General Ledger, Cash Management automatically accumulates all cash-related transactions during routine daily processing.
Because of its integration with other Spectrum modules, the Cash Management system streamlines related accounting functions to single entry procedures. At period-end, Cash Management provides a fast, efficient process to reconcile each bank statement to the General Ledger cash account balances.
For contractors who use interest earning accounts to fund payroll or payables accounts, information provided by Cash Management’s Check History Float Inquiry can be invaluable. By evaluating historical data relating to when checks are written and when they clear the account, users can determine the date they actually need to fund these accounts, thereby keeping their money in the interest earning accounts until it is actually needed.
Current Bank Balance: This screen allows the user to view details about the bank account information stored in the Spectrum General Ledger.
Bank Statement History: This inquiry prompts the user to enter the General Ledger date and the bank account to view statements that have been reconciled or updated. The user may also view the deposit and cleared check transactions.
Check History Float: This screen allows the user to view the check float history (the number of days between the check date of an item and the date that it is cleared by the bank). The display detail includes the checks that are cleared and stored in the reconciled check history file for a particular check issue date. The screen also summarizes checks not yet cleared as of the date specified.
Bank Statement History Report: This report allows the user to view bank statement information, which can be reproduced at any time from the history file. Two formats of this report can be printed: detail or summary.
Transaction History Report: This report prints directly from the history file and shows the transactions that have been reconciled or updated for any date range specified. Each bank account prints on a new page and can be sorted by the check date or number. This report can also be displayed in detail or summary.
Other Cash Management Reports
"Cash Management" is part of the Spectrum Construction Management Software line of products, developed by Dexter + Chaney.