Processing cash
-
Reconcile cash ledger transaction:
- Sign in as Cash Accountant and select Cash Transaction Search.
- On the Cash Ledger Transactions tab, search for the payment to reconcile.
-
Click the Reconcile button
and specify this information:
- Reconciliation Date
- Specify a reconciliation date.
- Reconciliation Amount
- Specify a reconciliation amount.
- Comment
- Optionally, specify a comment.
-
Click OK.
The transaction status is changed from Released to Reconciled.
-
To create a record in Cash Ledger Distribution, select Process Cash Ledger > Cash Ledger Distributions.
Distributions are created when payments are reconciled. Cash Posting Account (suspense) is reversed (debited) and Reconciliation Account (Cash Account) is credited.
-
Journalize Cash Ledger Distribution:
- Select Process Cash Ledger > Cash Ledger Distribution. Search for the reconciled payment.
- Click the Journalize Distribution button and specify the required parameters.
-
Click OK.
Cash Ledger Distributions is journalized and Journal Control created.