MIP Ideas Portal

Separate Cash Accounts for Checks vs. EFTs and Assign by Vendor

It would be ideal to have the ability to assign a cash management account number to each cash general ledger account, then assign the appropriate cash management account number by vendor within the vendor master.  This would provide the ability to automatically separate vendors being paid by EFT to go to one cash GL account (bank account) from vendors being paid by check to go to a different cash GL account (different bank account).  The ability to assign a default cash management account by vendor, which could then auto-populate a cash management account field within AP transaction entry (that could be overridden by invoice if needed) would eliminate manual GL entries to move cash between GL accounts after all payments have been processed.

  • Rebecca Sartori
  • Jun 15 2017