A "Fixed booking" refers to a booking in financial accounting that is one-time and immutable. A Fixed booking is typically used for transactions that do not occur regularly and where the amount or details should not be changed.
Typical functions of software in the "Fixed booking" domain include:
Creation of Fixbuchungen: Ability to manually enter Fixbuchungen by inputting booking data such as date, account, amount, and description.
Templates for Fixbuchungen: Ability to create and use templates for recurring Fixbuchungen to improve booking efficiency.
Review and approval: Establishment of review and approval workflows for Fixbuchungen to ensure that all bookings comply with internal control standards.
Visibility and tracking: Provision of features to view and track Fixbuchungen, including their history and the status of reviews and approvals.
Integration with other systems: Ability to integrate with other financial systems and applications for seamless transfer of Fixbuchung data and to avoid duplicate work.
Reporting: Generation of reports on Fixbuchungen, including summaries by account, period, or type of transaction to ensure transparency and insight into financial activities.
Auditability: Ensuring auditability by logging all changes to Fixbuchungen and providing access and change logs for audit purposes.
Automation: Automation of recurring Fixbuchungen when certain conditions are met to increase the efficiency and accuracy of booking processes.