This activity is used to manually enter recurring cash flows that recur at a regular interval and are not included in transfers from IFS/Payment. Examples of repetitive cash flows are salaries and taxes.
Payment date is generated sequentially with first payment date and entries for the desired number of payments, frequency, and frequency type. Frequency type refers to the time interval and frequency and the number of instances of cash flow per frequency type. One example might be frequency 1 and type month which means that the cash flow will occur once a month. Frequency 2 means once every other month. Frequency 3 means once every three months, etc.
The manually created cash flows can be used in cash flow analysis and reports to get a complete view of cash flows within the company or companies. Outgoing payments are entered with a minus sign preceding the amount.
In order to perform this activity, basic data must have been entered in the Cash Flow Sources and Cash Flow Types pages.
As a result of this entry cash flows can be included in cash flow analysis reports.