Overview:
Use the Cash Accounts window to set up, modify, and delete cash accounts by assigning each account a unique number and linking it to the following:
- Cash General Ledger Account
- Bank Number
- Bank Account Number
- Balance Sheet OU Id.
Benefits:
- Cash accounts package up/link together the Bank Number, Bank Account Number, General Ledger Account #, and Balance Sheet OU Id. This streamlines cash transactions by reducing the number of fields that need to be keyed.
Example: When entering a journal entry to debit cash, the user can enter the 'Cash Account #', instead of having to key all of the bank information - Used to group/sort information on reports
Roles:
- Accounting Manager
- CFO
Location:
- Financial & Accounting > Setup > Accounts > Cash Accounts
Video: