Funds Transfers: Implementation Checklist
The following sections provide details you can use to ensure that the system is configured properly for performing funds transfers, and to understand (and change, if needed) the settings that affect the workflow of funds transfers processing.
Implementation Checklist
We recommend that before you initially perform funds transfers, you make sure the needed features have been enabled, settings have been specified, and entities have been created, as summarized in the following checklist.
| Form | Tasks to Perform | Note |
|---|---|---|
| Enable/Disable Features (CS100000) | Make sure that the Standard Financials feature has been enabled | |
| Chart of Accounts (GL202500) | Check whether the necessary accounts have been created. | |
| Cash Accounts (CA202000) | Check whether the necessary cash accounts have been configured. | |
| Company Financial Calendar (GL201100) | Make sure that the periods during which funds transfers may occur have a status of Open. |
You can generate the necessary periods on the Master Financial Calendar (GL201000) form. For details on opening financial periods, see Opening Financial Periods: Process Activity. |
Other Settings That Affect the Workflow
The following settings on the Cash Management Preferences (CA101000) form can affect the processing workflow:
- If the Automatically Post to GL on Release check box is selected, the system posts transactions to the general ledger when cash management documents are released. If this check box is cleared, you have to post the batch after you release the document.
- If the Hold Transactions on Entry check box is selected in the Data Entry Settings section, when new transactions and funds transfers are entered, they are assigned the On Hold status. If the Hold Transactions on Entry check box is cleared, the transactions and funds transfers are assigned the Balanced status.
- If the Require Document Ref. Nbr. on Entry check box is selected, you must fill in the Document Ref. box on the Funds Transfers (CA301000) form for new funds transfers. If this check box is cleared, you can decide whether to leave the Document Ref. box blank or fill it in.
Testing of Settings
To make sure that all settings are configured correctly, we recommend that you perform funds transfers by performing similar steps to those described in Funds Transfers: Process Activity.