Cashbook Management - Access Cashbook Management

PropWorx is designed for a single legal company entity. While multiple bank accounts can be managed and linked to different properties, certain elements like Trial Balances will combine all bank accounts into one consolidated view.

For users needing separate financial reports, distinct logos, or different VAT management per entity, a separate database must be created for each company.

Before you begin: Navigate to Settings → Accounting Settings and scroll down to Cashbook Management.

Important: PropWorx has three cashbook types: Trust, Deposit, and Business. Ensure that you select the correct type based on how the funds are managed.

• Trust – Used for any bank account where rental monies are collected.
• Deposit – Used for any bank account where tenant or owner deposit funds are held.
• Business – Used for any bank account that manages company operational funds.

Note: If rental monies are processed through a business account, you should still select Trust as the cashbook type.

Steps to Add a Cashbook

1. In the Cashbook Management section, click the + New Cashbook button.

2. A new cashbook screen will open. All fields are mandatory. Fill in the cashbook details:

• Account Name (e.g. Rental Trust Account)
• Description (e.g. Rental Trust Account)
• Bank Name (e.g. First National Bank)
• Account Number (e.g. 62200000000)
• Branch Name
• Branch Code (e.g. 000000)
• Account Type (e.g. Current/Cheque Account)
• Cashbook Type: Choose between Trust (for rental monies), Deposit (for deposit monies) and Business (for business monies)
• Activate cashbook toggle

3. Click the Submit Details button. The cashbook will be created and added to the cashbook list.

Related Articles

• Edit an Existing Cashbook
• Deactivate an Existing Cashbook
• Access Cashbook Management
• Configure Company Settings

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