Creating cash codes

Use this procedure to link one or more cash codes to the same cash management account.
  1. Select Cash Codes.
  2. Click Create.
  3. On the Detail tab, specify this information:
    Cash Management Group
    The Cash group value default is from the previously defined actor context.
    Cash Code
    Specify a cash code that represents a bank account at a financial institution.
    Default Post Company
    Specify a default post company to override the post company on the Pay Group.
    Approval Code
    This field is only available when the Cash Ledger Payment field is selected in cash management group. See the Approval Required For section.
  4. In the Bank Account section, specify this information:
    Cash Management Account
    Select the Cash account. The currency, financial institution, and branch from the Cash account are displayed.
    Return On Investment Rate
    Specify a return on investment interest rate for the account. Use this field to calculate whether to leave funds in this account or to make an early payment and take a vendor's discount.
    Summarize Ledger Balances
    Select this check box to enable up-to-the-minute balance tracking.
    Cash Ledger Auto Transaction Numbering
    Select this check box to set up automatic transaction numbering.
    Use Bank Currency For Payment Posting
    Select this check box to use the bank currency for Cash Ledger Payment distributions. All payments with this Cash Code, will have the same currency. To make payments in other currencies for this cash code, clear this check box.
    Create New Cash Ledger Payment Record When Void Or Stop Paid
    Select this check box to create a new payment record when the old record is void.
    Enforce Date Edit On Voids And Stop Paids
    If you select this check box, the void or stop payment date cannot be less than the payment transaction date.
    Allow Reconciliation While Pending Approval When Void Or Stop Paid
    Select this check box to include void or stop paid transactions with a corresponding bank statement line to the match and reconciliation process. Unmatched transactions that were included in the reconciliation, and approved, are deleted from the reconciliation queue. These transaction are then marked as Void or Stop Paid.
    Create New EFT Transaction When Void Or Rejected
    Select this check box to create a new EFT transaction if the old transaction is void or rejected.
    Stop Pay Bank Confirmation Required
    Select this check box to change the status of a cash ledger transaction to Pending Stop Pay Confirmation. The bank decides whether to confirm or reject the stop payment.
  5. In the Bank Fund Transfer section, click Bank Fund Transfer.
  6. In the Receiver Bank Details section, specify this information:
    Receiver Bank
    Select a receiver bank so that payment clearing and positive pay files are generated in a format that is accepted by the receiver bank.
    Receiver Email Address
    Specify an email address to which output files are sent.
  7. Specify a sending and receiving code.
  8. Specify the expense bank code.
  9. Click Save.
  10. Select the Transaction Codes tab and click Create.
  11. Specify this information:
    Transaction Code
    Specify the transaction code to use with this cash code. This transaction code can only be used with Cash transactions. Payables transactions are controlled by the setup in cash payment format.
  12. Click Save.