Processing cash

  1. Reconcile cash ledger transaction:
    1. Sign in as Cash Accountant and select Cash Transaction Search.
    2. On the Cash Ledger Transactions tab, search for the payment to reconcile.
    3. Click the Reconcile button and complete the reconciliation date, reconciliation amount, and a comment.
    4. Click OK.

      The transaction status is changed from Released to Reconciled.

    5. 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.

  2. Journalize Cash Ledger Distribution:
    1. Select Process Cash Ledger > Cash Ledger Distribution. Search for the reconciled payment.
    2. Click the Journalize Distribution button and specify the required parameters.
    3. Click OK.

      Cash Ledger Distributions is journalized and Journal Control is created.