This activity is used to enter money transfers between the cash account for which the Mixed Payment is entered and a counter cash account. The counter cash account can be in the same or in another company.
There are two different methods to post the cash transfer for the counter cash account:
To Perform a Cash Transfer Transaction
Click New Transactions command button, and Select Enter
Customer Payment for the Payment Transaction Type field in the
New Payment Transactions page of the Mixed Payment, in Mixed
Payment page.
For an outgoing cash transfer, enter the amount with a minus sign in the
Amount field or enter the amount in the Credit Amount field, for an incoming
cash transfer, enter a positive amount in the Amount field or enter the
amount in the Debit Amount field
Enter the cash account to or from which the amount is transferred in the
Counter Cash Account field, or select it from the List of values.
Select Cash Transaction for the Cash Transfer Method field, if you want
the cash balance of the counter cash account to be updated when the current
Mixed Payment is approved. Select Interim Posting for the Cash Transfer
Method field, if the cash balance of the counter cash account must not be
updated when the current Mixed Payment is approved. But a separate Mixed
Payment/Cash Box will be entered for the counter cash account.
Note: If the counter cash account is connected to a Cash Box, only Interim
Posting is allowed.
Save the information.
To enter a cash transfer transaction with a counter cash account of another
company (multi-company cash transfer), enter the company to which the counter
cash account belongs in the Company field in the Transactions tab after Selecting
Cash Transfer for the Payment Transaction field as per (point
1) above, and follow the next steps accordingly.
In order to perform this activity:
For both cash transfer methods a cash transaction and a posting of the PP1 posting type are created for the mixed payment cash account, and the cash balance of the mixed payment cash account is updated. A payment of the General Payment type is created.
If the Cash Transaction cash transfer method is selected a cash transaction and a PP1 posting with the reversed amounts are created for the counter cash account too. The cash balance of the counter cash account is also updated with the reversed amount.
If the Interim Posting cash transfer method is selected no cash transaction is created for the counter cash account but a PP77 posting with the reversed amount is created instead. The cash balance of the counter cash account is not updated.
If the counter cash account belongs to another company, a multi-company general payment and separate vouchers for each involved company will be created. The voucher will also include inter-company postings for the cash paying/receiving company and the affiliated company based on the posting rules defined for the posting types PP22 and PP23 in each affected company.