Using Cash Management
Cash Management Training video
For Bank Transactions
As you post Bank transactions (withdrawals and deposits) in the source company for a bank setup in IET Setup > Cash Management Bank Setup, Inter-Entity will create the balancing entries to the Cash Management Clearing Account and transfer the bank entries to the target database.
After posting the Bank Transfer using a CM configured clearing account, IET CM generates a) a bank entry in the source to reverse the transaction in the source bank and b) a bank entry in the target to do the withdrawal or deposit.
Cash Management also supports Bank reversals if using 1-step processing.
Note: Bank entries themselves in the source company are not a trigger for Cash management to create bank entries in the target companies automatically.
For Accounts Payable Payments
If using One-step processing, when you post an A/P Payment batch for a bank setup in IET Setup > Cash Management Bank Setup, Inter-Entity will create the balancing entries to the Cash Management Clearing Account and transfer the bank entries (withdrawals) to the target database
If using Two-step processing,
Once a payment batch has been generated and posted in Accounts Payable, if the bank against which the payment is being posted is set up as a “CM Bank” with the “two step CM process” selected, Inter-Entity will create loan account entries and an A/P Invoice batch in the target Entity {database} defined on the CM Bank for all invoices, debit notes and credit notes applied to the A/P Payments.
This will enable the target company to create AP Payments applied to documents originating in several databases and consolidate processing (e.g. management company paying on behalf of several subsidiaries).
Note: In earlier versions (prior to May 2025 PU14.04), A/P Debit Notes and A/P Credit Notes were not transferred to the target company.
For Accounts Receivable Receipt processing
If using One-step processing, when you post an A/R Receipt batch for a bank setup in IET Setup > Cash Management Bank Setup, Inter-Entity will create the balancing entries to the Cash Management Clearing Account and transfer the bank entries (deposit) to the target database.
If using 2-step processing
When you post an A/R Receipt batch for a bank set up as a “CM Bank” with the “two step CM process” selected, Inter-Entity will create an A/R Invoice batch in the target Entity {database} as defined on the Cash Management Bank for all the invoices, debit notes and credit notes applied to the Posted A/R Receipts.
This will enable the target company to create A/R Receipts applied to documents originating from several source companies and therefore consolidated processing of receipts (e.g. management company collecting deposits on behalf of several subsidiaries).
Note: In prior versions, A/R Debit Notes were not transferred to the target company.
In addition, Inter-Entity includes a flexible function to create A/R Receipt batches.
Refer to IET Create Receipt/Refund Batch for details.
For details on using Cash Management :
