Batch Control
iMIS batch control enables you to segment and control the reporting of accounting transactions. You can establish any number of transaction batches. For example, many organizations open a batch for each deposit or open batches by day or by user. Batch numbering, viewing, posting, and other options are configured by your administrator (see "Setting up batch control").
When batch control is in effect, the Transaction Ledger window appends the batch number to the end of the Description field for each line item.
Benefits of batch control
- Groups and reports transactions by batch
- Allows entry and monitor control totals
- Supports any number of open batches
- Supports any number of users entering transactions into any given batch (for deposit-oriented batch control)
- Supports multiple cash accounts
- Assigns a batch date to each transaction entered (minimizing date override errors)
Uses of batch control
- Payment control
- Bank deposit reconciliation
- Grouping transactions by:
- Deposit (good audit trail support)
- Data entry operator
- Department
- Transaction type
- User-preferred methods
- Module
Where batch control is required
- Multiple cash accounts
- Multiple entities (Due To-From processing)
- Accrual billing