BANK BALANCE FUNDS CHECK AND NEGATIVE BALANCE CONTROLS FOR ENTERPRISE RESOURCE PLANNING SYSTEMS

摘要

Disclosed herein is a method and system for providing automated Controls for Enterprise Resource Planning Systems comprising a bank balance funds check control and a negative balance control. The bank balance funds check control checks the existing bank balance funds available, and validates a financial transaction on detecting adequate bank balance funds available, or prevents the validation of the financial transaction on detecting inadequate bank balance funds available, thereby preventing negative funds resulting out of outgoing payment, by way of restriction on the standard functionality of bank funds available fluctuating between positive and negative amounts. The negative balance control accepts and processes incoming positive and negative receipts, and manages the situation arising there out of, irrespective of availability of adequate bank balance funds available, resulting in negative bank funds or increase in the existing negative bank funds available, by way of context-sensitive exceptions to the restriction.