Cash Transactions

[EMANUEL]

Hi,

Please let me know how to configure the Cash Transactions in R12 for eg,

How to make cash Payments and Receipts for employees?
How to make Cash Withdrawals and deposits from Banks?
Which reports should we see so that all cash transactions are appearing in it date wise?


Rgds
EM

[tgs100]

<b>How to make cash Payments and Receipts for employees?
</b>

Cash Payments
===========
1. Create a new payment method called "Cash" (Setup --> Payments --> Payment Administrator)
2. Create a new bank account for Cash disbursement (May be same as petty cash bank account)
3. Create a new payment document (say, Cash) for the bank account created in step 2
4. Create an invoice with payment method as 'Cash'
5. Make payment from the bank account created in step2

Cash Receipts
=========
1. Create a new receipt method for cash receipt (define a new receipt class if required, else use the existing one) and attach the bank (into which you want to receive the cash) and cash GL account.
2. Make a receipt transaction using the above receipt method.
3. Use remittance to deposit the cash into Bank
4. Reconcile the receipt with the bank statement in CM.

Cash Withdrawals
===========
There is no seperate transaction for cash withdrawal.

You can use 'India - Bank/Cash book report' but this report does not display the bank transfer transactions done in Cash Management (There is an enhancement request for this). This report shows all the transactions for a bank account. If it does not satisfy you, you may have to customize the report.

Cheers,
Saravanan