Sage Timberline – Cash Management Module

Sage Timberline Office a.k.a. Sage 300 Construction and Real Estate allows construction and real estate firms an opportunity to streamline workflow and processes between departments to improve accounting efficiencies. This blog will provide a brief overview of the Cash Management module.

The Cash Management module allows you to track and view transactions affected by cash that are generated by modules like Accounts Payable and Accounts Receivable. This module allows you to track your register to your bank balances as best you can to stay on top of cash flow.

I just found out recently that the cash management module will allow you to receive cleared check information from banks electronically and plan on testing that at my Timberline clients for whom I reconcile bank statements for.

The cash management module allows you to track your balance as you reconcile so you can see the difference between the reconciled balance and statement balance as you progress. There is a search feature as well that allows you to search for a specific check without having to scroll through the entire list.

The cash management module allows you to view only the deposits, only the checks or all together on the same tab. It depends on your preference on how you would like to see all your transactions that need to be cleared.

The one feature I like about the cash management module is the ability to save the reconciliation and continue it later due to interruptions or time constraints between tasks. Let’s say I’m reconciling the bank account and I get asked to work on another task that is urgent, I can save my progress and go back to it at any time.

Within the cash management module, you can perform an inquiry to find a specific check and see who the payee was and if it was reconciled or cleared per the bank statement reconciliation. You can drill down to view all the supporting detail that you desire.

There are many reports that can be generated in cash management to help you evaluate your bank accounts. The reports I use most in the cash management modules is the check register and deposit register.

I think the toughest part of the cash management module is setting up the bank accounts properly with your beginning balances, the set up wizard is a helpful tool. I recommend using this tool along with having Sage support on the phone to guide you through the correct set up procedure until you feel confident you can master the task and set up other accounts as necessary.

There are many more features of this module so please feel free to reach out to me should you have any questions on this topic.

Written by:
Annie Terracciano
TGG Accounting

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