Additional settings in Cash Management

Some additional settings that must be made in Cash Management are as follows:

• Data by bank / payment method

  Define the default values for a selected bank and payment/receipt method in the Data by Bank/Payment Method (tfcmg0145s000) session. You can define default values for a payment or receipt method such as Anticipated Payment/Receipt Transaction Type, Anticipated Pmt/Rec Ledger A/C and Path Payment/Receipt Files.

• Automatic process defaults

  Define the default values for the supplier payments for a selected bank and payment method in the Automatic Process Defaults by Bank/Payment-Receipt Method (tfcmg1191m000) session. During an uninterrupted payment run, the payment process does not stop to ask for user information, but uses the defaults maintained in the session.These values are also used while processing payment/direct debits methods. See: Automatic or uninterrupted payment process and Payment process.

• Posting data by tax code for deduction

  Specify the ledger accounts to which tax adjustments must be posted in the Posting Data by Tax Code for Deductions (tfcmg0150m000) session. For each tax codes by country, you can specify the ledger accounts for the tax adjustments.

• Type of payment

  In the Type of Payment (tfcmg0504m000) session, you can define the codes used in Nordic bank files and reports. See: Reason for payment.

• Transaction sequence number code

  Define sequence number codes and review the last used transaction sequence numbers and sequence control numbers in the Transaction Sequence Number Code (tfcmg0513m000) session. You can use the sequence number codes the Bank Branches (tfcmg0511m000) session for a selected bank.

  Transaction sequence numbering can be used for two important reasons:

  • To prevent unauthorized changes of data.
  • To prevent duplicate transmissions of payment orders.