Cash Management process flow

Setup

When you set up your banking structure, you must consider how your company is structured and the currency that your company conducts business in.

First, you must set up Currency (CU) to establish currency codes. If you operate in multiple currencies, then you must also define currency exchange rates and currency relationships. Next, you must set up General Ledger (GL) or General Ledger subset. You will need to define at least one general ledger company and the accounts you will post to. Finally, you must set up banking institutions and bank accounts, and create a relationship between your company and the cash codes it will use.

You also must define bank transactions and payment types you will use in Accounts Payable (AP), Accounts Receivable (AR), and Cash Management (CB). Optionally, you may need to set up bank transfer tables, cash deposit process levels, cash receipt categories, payment categories, charge codes, and payment form codes.

Transaction processing

Cash Management transaction processing consists of reconciling your bank accounts and retaining bank account balance information. You can reconcile and void payments generated by the Accounts Payable application, reconcile accounts receivable and other bank transactions, transfer funds between bank accounts, and enter cash receipts. After you have entered bank transactions into the Cash Management application, you must release them for posting to the General Ledger application. Releasing transactions updates bank account balances.

Accessing data

Cash Management contains programs that will enable you to generate reports on bank transactions and transaction history, cash receipt deposits, and fund transfers for a cash code, cash account activity, and Cash Management transactions. You can also access programs to display Cash Management transactions. For example, you can display current bank account balances or account balances by period, bank accounts balances in an alternate currency, and specific types of bank transactions for a cash code.