Administrator's Problem
- Creating accounting records is a complex task that requires expertise in the field.
- Identifying each payment manually is tedious and prone to errors.
- Calculating fees and penalties is a draining task, and in most cases, it ends up requiring a full audit, often with errors.
- Creating accounting reports and receipts is time-consuming, and there is no digital record to back up the information.
- If an accounting error is made or a payment is incorrectly identified, recalculations and modifications must be made to all affected reports.
Using Payextract
- The accounting is generated automatically by importing the bank statement records.
- The accounting assistant credits all payments automatically and correctly.
- Payments and debts, as well as penalty calculations, are automatically processed without the administrator needing to intervene or perform mathematical calculations.
- Accounting reports and receipts are generated and updated automatically and are always available for download.
- If capture errors are made or a payment is incorrectly identified, the system automatically corrects it and updates all affected accounting records, ensuring the accounting is always up-to-date and error-free.