Effects of the Cash Management application to Lawson Distribution Management
The Cash Management application contains information about the bank accounts used for transactions. These concepts explain aspects of Cash Management setup that affect the Lawson Distribution Management applications.
About cash code
A cash code is an identifier for a bank account at a financial institution. Each bank location and bank account number must have a unique cash code.
You need to define a cash code for each bank account to do these:
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Issue payments from Accounts Payable
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Deposit payments to Accounts Receivable
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Deposit cash receipts in Cash Management
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Enter bank service transactions (like service charges and interest) in Cash Management
For more information, see the Cash Management User Guide.
About cash code relationship
A company cash code relationship lets your company use a specific bank account. When you define a cash code relationship, you select a general ledger cash account and a bank transfer clearing account.
About transaction code
A transaction code is an identifier for a type of payment, such as a cash payment, bill of exchange payment, or bank service payment. You need to define transaction codes for each kind of payment and bank service you plan to use. You can use existing transaction codes or define your own codes.
About cash payment formats
Cash payment formats represent a printed cash payment form, a type of cash payment tape, or a type of electronic payment transfer . You need to define the payment format for each type of cash payment you create in Accounts Payable.
For more information, see the Cash Management User Guide.
Planning your Cash Management setup for Lawson Distribution Management
The Lawson Cash Management application enables you to maintain a repository of all bank transactions, reconcile your bank accounts, and retain bank account balance information.
This checklist provides an overview for setting up Cash Management. See the Cash Management User Guide for more information.
