About Cash Management application

The Cash Management application maintains bank transactions, reconciles your bank accounts, and stores bank account balance information. You can use the Cash Management application to:

• Define bank accounts, transaction types, and payment formats that you can use in the Accounts Payable, Accounts Receivable, and Cash Management applications. If you use Cross Border Payments, define payment categories, charge codes, and payment form codes. You can define relationships between general ledger companies and bank accounts that let you control transaction processing and posting to the general ledger.

• Define reconciliation tolerances that let you establish reconciled amounts that can be more or less than the issued amount of a transaction.

• Define a transaction code that automatically reconciles transactions upon entry. This feature reduces the volume of transactions that require reconciliation.

• Choose from a variety of reconciliation options, including multiple entry and reconciliation screens.

• Transfer funds between bank accounts.

• Enter cash receipts and itemize the deposits by category.

• Interface payment information from a non-Lawson application or create payments for one-time payments without having to create several Accounts Payable vendors.

• Interface receipts or returned payment information from a non-Lawson application or create receipts for one-time receipts without having to create several Accounts Receivable customers.

• List transaction history by bank account. You can access account balance detail for specified date ranges and selected report parameters.

• Display account balance and transaction information.

• Interface with the Accounts Payable and Accounts Receivable applications to maintain bank account balances and reconcile accounts payable, accounts receivable, and other bank transactions.