About Posting Cash Entries

You can post an "In Progress" cash entryA record of money received from, or refunded to, your customers, often in the form of cash or a check. Also used to record payments to and refunds from vendors. by clicking Post on the cash entry detail page.

In Classic EditionThe view of the application that you see when you first install the base managed package., the Save & Post button first saves the document then posts it in the same way as if you had clicked the Save and Post buttons separately.

When successful:

• A transaction with two or more analysis line items is posted to your current company's general ledgerCentral repository for all your business transactions. Each transaction is posted to a general ledger account..
• The amount in the Value field will be the amount posted to the bank analysis line.
• The amount entered in the Bank Charge field will create a debit analysis line item to the designated general ledger account and a credit analysis line item to the bank account.
• The amounts entered in the Line Charges column will each create a debit analysis line item to the designated general ledger account and a credit analysis line item to the bank account.
• The amounts in the Cash Entry Value column will be the amounts posted to the account lines.

The cash entry is assigned a transaction number and the sum of these transaction line items is zero in document, home and dual currency. The posted cash entry is now "Complete" and can no longer be edited or discarded.

When you post an intercompany cash entry, the application also creates the appropriate intercompany transfer records. When this happens, a lookup to the related intercompany transfer is added to the corresponding transaction line items (and to the header where appropriate and the intercompany transfer is unique).

In Classic EditionThe view of the application that you see when you first install the base managed package., the Post & Match button does everything the Post button does but also initiates a cash matching session with the same account details preselected. This option is not available when posting a multiple cash entryCash entry with multiple account lines..

Note:

Notes

You can only post a cash entry if both the associated customer/vendor account and bank account have appropriate general ledger accounts associated with them. The customer/vendor account must also have an account trading currency.

Do not post any documents to a period that is being revalued. Wait for the whole currency revaluation process and all related batch jobs to complete before continuing to post documents.