Delivered Submodules & Capabilities
In depth breakdown of the 3 native components forming the Banking & Cash Management workspace:
Accounts
Centralized liquidity register tracking operating bank accounts, foreign currency (FCBU) accounts, and petty cash floats. Displays book balance, unpresented cheques, and statement balances in real time.
- ✓multi currency bank and cash account registers
- ✓Real time book balance versus statement balance comparison
- ✓Bank statement CSV, Excel, and MT940 statement importing
- ✓Interactive bank reconciliation matching interface
Bank rules
Configures automated transaction matching rules for recurring bank transactions. Automatically detects bank charges, interest credits, utility direct debits, and transfers, proposing matching ledger entries.
- ✓rule based statement description pattern matching
- ✓Automated ledger account and tax code allocation
- ✓One click batch confirmation of matched statement lines
- ✓Rule execution audit logs and accuracy tracking
Cheques & PDC
Specialized Sri Lankan banking module managing incoming and outgoing Post dated cheques. Tracks cheque status from in-hand to deposited, realized, or bounced, preventing cash flow misstatements.
- ✓PDC maturity calendar and upcoming clearance alerts
- ✓Cheque status lifecycle tracking (Received, Deposited, Realized, Bounced)
- ✓Automated PDC clearing ledger postings on realization
- ✓Cheque return charges and customer notification logging
Core Capabilities & Accounting Logic
Complete Sri Lankan PDC Cheque Lifecycle
Post dated cheques represent a significant share of commercial transactions in Sri Lanka. SyncBooks handles them without distorting your actual cash balance.
- Held in dedicated PDC Clearing accounts until the maturity date
- Automated journal generation upon bank clearance
- Immediate reversal and customer notification on dishonored/bounced cheques
Rapid Bank Statement Reconciliation
Import bank statement feeds and match transactions against your internal invoices, bills, and receipts with intelligent pattern matching.
- Identifies bank interest and service charges automatically
- Eliminates manual tick and check paper reconciliation
- Generates official bank reconciliation statements for external audit
Sri Lanka Statutory & Accounting Standards
Governs cheque crossing, presentment, endorsement, and dishonor rules.
Adheres to National Clearing House and cheque truncation system standards.
Standard Reports Generated
| Report Name | Frequency | Description |
|---|---|---|
| Bank Reconciliation Statement | Monthly | Formal reconciliation of bank statement balance to general ledger cash. |
| PDC Cheque Register | Weekly | Upcoming mature cheques receivable and payable by date. |
Why Generic Accounting Software Fails at Sri Lankan PDC Cheques
Generic international accounting platforms treat a received cheque as immediately available cash, distorting liquid balance sheets and bank reconciliations.
In Sri Lanka, Post dated cheques (PDCs) are commercial credit instruments that may not mature for 30 to 90 days. SyncBooks routes PDCs through an asset clearing ledger ('Cheques in Hand / PDC Clearing') and only transfers the balance to the active bank account once the cheque clears the clearing house.
Frequently Asked Questions
How does SyncBooks handle a bounced customer cheque?↓
When a cheque bounces, SyncBooks marks the cheque as dishonored, reverses the bank deposit entry, re-opens the original customer invoice, and logs any bank return fee to the customer's account.