Defining company cash code relationships

You must define a relationship between a general ledger company and a cash code for the company to be able to process transactions for a specific bank account. You also have the option of defining journal books for the transaction codes associated with the company cash code relationship. This procedure outlines the process for defining company cash code relationships.

Define a company cash code relationship

Access Company Cash Code Relationships (CB00.3).
Select the company and cash code you want to define a relationship for.
Specify this information:

Cash Account

Select the general ledger cash account to be used for posting accounts payable payments and accounts receivable deposits.

Transfer Clearing Account

Select a general ledger bank transfer account for bank transfers to or from the cash code for the company.

Payment Clearing Account

Select a general ledger payment account for processing cash ledger payments.

EFT/CC Extract Clearing Account

Select a general ledger EFT/credit card extract account for processing cash ledger EFT and credit card extracts.

Over Reconcile Tolerance and Under Reconcile Tolerance

If you do not want to manually reconcile differences between issued amounts and cleared amounts for a transaction, specify a range that indicates the variance you are willing to tolerate.

Variance Account

If you defined reconciliation tolerances, select the variance account to be used for posting variance amounts within the defined tolerances.

Reconcile Entry

Specify whether a general ledger entry is created from the cash account to a reconciliation account when the company reconciles a transaction for the cash code.

Journal Book button

If the company uses journal books to group general ledger transactions, click the Journal Book button to select default journal books. For more details about defining journal books, see the Cash Management User Guide.