Cash Management ? Cash Clearing Account not requir
Posted: Thu Aug 16, 2007 2:50 am
Hi Friends,
In my implementation we are not going for Cash Management. In that case there is no reconciliation process. Please see in the flowing entries and suggest me accordingly?.
With Cash Management:
Invoice Entries:
Expenses Account Dr. XXX
AP Liabilities Account Cr. XXX
Payment Entry:
AP Liabilities Account Dr. XXX
Cash A/C or Cash Clearing A/c Cr. XXX
In the second entry I want Cash A/c not Cash clearing A/c for that what setups should be required please suggest me. I am remaining you again in my implementation there is no Cash Management.
Thanks in advance for your valid Suggestion.
Regards,
VENKAT
In my implementation we are not going for Cash Management. In that case there is no reconciliation process. Please see in the flowing entries and suggest me accordingly?.
With Cash Management:
Invoice Entries:
Expenses Account Dr. XXX
AP Liabilities Account Cr. XXX
Payment Entry:
AP Liabilities Account Dr. XXX
Cash A/C or Cash Clearing A/c Cr. XXX
In the second entry I want Cash A/c not Cash clearing A/c for that what setups should be required please suggest me. I am remaining you again in my implementation there is no Cash Management.
Thanks in advance for your valid Suggestion.
Regards,
VENKAT