Cash Management: General Information

For users to be able to record cash transactions in the system and for you to continue implementing financial functionality in the system, the cash management functionality has to be implemented in MYOB Acumatica. The process of implementing the cash management functionality includes specifying cash management preference settings, creating entry types for cash transactions, creating cash accounts, and modifying the payment methods that have been predefined in the system.

Learning Objectives

In this chapter, you will learn how to implement the basic configuration of the cash management for a company.

Applicable Scenarios

You perform the basic configuration of the cash management functionality during the implementation of MYOB Acumatica, after a company has been configured in the system and the general ledger functionality has been implemented, and before other parts of the system have been configured.

Workflow of the Implementation of the Cash Management Functionality

To implement the cash management functionality, you perform the following general steps:

  1. On the Cash Management Preferences (CA102000) form, you specify the settings related to the processing of cash transactions. For details, see Cash Management: To Specify Cash Management Preferences.
  2. On the Entry Types (CA203000) form, you add the necessary entry types for processing cash payments.
  3. On the Cash Accounts (CA202000) form, you define the cash accounts to be used to record cash entries and funds transfers. For details, see Cash Management: Cash Accounts.
  4. On the Payment Methods (CA204000) form, you define the payment methods that the company uses to pay its vendors, as well as the payment methods that customers use to pay the company.