Enter Cash Account Posting Information

Explanation

Use this activity to enter  posting control information related to new cash accounts used in accounts payable and accounts receivable. After new cash accounts are entered in the Cash Accounts window in IFS/Payment, they must be linked to an account in IFS/Accounting Rules. You cannot create any payment voucher until you have entered posting control information for a new cash account.

Prerequisites

This activity has the following prerequisites:

• The cash account must be in the Cash Accounts window.
• Posting control information must exist for the Cash Transaction Posting Type PP1 and it is controlled by Control Type PC2 (=Cash Account). There are also other control types than PC2.

System Effects

As a result of this activity:

• A voucher with Posting Type PP1 can be created when payments are entered on the cash account and the invoices included in the payment transaction are marked as Paid or Partly Paid in accounts receivable/accounts payable

Window

Posting Control

Related Window Descriptions

Posting Control, Posting Control Details

Procedure

To perform this activity, follow these steps:

1. Open the Posting Control window.
2. Query for posting type PP1.
3. Right-click on the row and click Details. The Posting Control Details window opens.
4. Create a new detail record by activating the cash account part of the window and clicking New.
5. Select the cash account from the List of Values.
6. In the Account field, enter the account to be used in the general ledger for the specified cash account.
7. Save the changes.