Finance
The finance block of Bimp covers money movement between accounts and cash desks, expenses, settlements with accountable persons, receivables and payables, loans and investments.
Bank
- Allocating bank statement transactionsHow to allocate imported bank statement transactions in Bimp: the Alloc. statuses, expenses by item, supplier payment, linking to orders and customer refunds.
- Transfer between accounts and cash desksHow to process an internal transfer of funds between the company's bank accounts and cash desks in Bimp: specify the amount, currency, source and recipient.
- Currency exchange and exchange rate differenceHow to process a currency exchange in Bimp between accounts and cash desks, record the rate, see the exchange rate difference and fix currency or cash desk issues.
Expenses and accountable funds
- Period expenses, taxes and other expensesHow to record period expenses such as marketing, rent and taxes in Bimp with Other expenses, split by lines of business and projects, and view them in reports.
- Accountable funds: request, issue, returnHow to create a funds request in Bimp, issue accountable funds to an employee and return the unspent balance; cash settlement type and the accountable persons report.
- Expense report: how to close accountable fundsHow the Bimp expense report works: confirming an accountable person's expenses, offsetting the issue, overspending, charging expenses to order cost price.
Debts
- Receivables and payables: how they arise and are closedHow Bimp automatically creates receivables and payables, how to close them and where to monitor debts: the Settlements report, the counterparty card and the dashboard.
- Debt adjustments: write-off, assignment, advance offsetHow to use the Debt adjustment document in Bimp: write off a customer or supplier debt, assign a debt, offset advances, and the effect on the balance sheet and P&L.
- Netting with a counterpartyHow to net debts in Bimp: close mutual debts with a counterparty who is both a customer and a supplier, without moving money, and check the result in reports.
Capital
- Loans and investments: receipt and repaymentHow to record receipt and repayment of loans and investments in Bimp: documents of the Financing section, lender or investor fields, income items, settlement type.
- Dividends: processing and reportingHow to process a dividend payment to an owner with the Dividends document in Bimp and where to see the amounts paid in the Cash flow and Income and expenses reports.