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Trust Receipt

Good news for companies who are currently facing problems monitoring their trust receipts due and planning their cash flow in meeting such dues.

In our upcoming version, users will be able to pay from a trust receipt code and state the interest % and their due dates. Reports will be provided to show management when your trust receipts are due.

Cash position simulation will also be provided where the system will take into consideration your fixed monthly expenses payment by various dates, debtors’ collection cycle and Bank balances. Such reports can then be exported to a spreadsheet for you to further tweak the figures.

Upon settling your TR bills, all interest calculations will be posted to the respective GL codes specified in system settings.