Defining cash codes (bank accounts)

A cash code shows a bank account at a bank. You may have more than one account at a bank, such as a savings account and a checking account. The accounts you define can be used by Accounts Payable, Accounts Receivable, and Cash Management. This procedure outlines the process for defining a cash code.

Note: Accounts Receivable also uses cash codes, so if an account has both Accounts Receivable and Accounts Payable transactions, you do not need to set them up twice.

Define a cash code (bank account)

  1. Access Cash Codes (CB00.2).
  2. Define bank account information.
  3. Specify this information:
    Electronic Transfer Bank

    If you will issue electronic payments from this account and will need to send the payment to another bank, specify the routing number of the receiving bank.

    ROI Rate

    Used with matched invoices. For more information, see the Invoice Matching User Guide.

    Statement Required

    Decide whether to require bank statements for this account to be reconciled. Select Yes to add a bank statement in Bank Statement (CB06.1), specify and process associated transactions, then close the bank statement by running Bank Statement Close (CB191).

    Security Button

    To assign security to a cash code, click the Security button.