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 via the Posting Control page. After new cash accounts are entered in the Cash
Accounts page, 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 page.
- Posting control information must exist for the Cash Transaction Posting Type PP1 and it is controlled by
Control Type PC2 (for 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