Cash Management Bank Setup

Use this screen to create “virtual” banks in your Sage 300 databases to be used by Inter-Entity Cash Management

Fields and Controls

Source Bank Account/Name :

Select the source bank account which has been set up as the “virtual” bank account in the source company to represent the bank account in the target entity. The Source Bank Name will be displayed.

CM Processing Type :

Select either

One Step Processing - to enable AP Payments and AR Receipts processed in the source company in the “virtual” bank to be “transferred” to the target company as a Bank Entry deposit or withdrawal.
Two Step Processing - to enable the applied documents for AP Payments and AR Receipts processed in the source company in the “virtual” bank to be “transferred” to the target company as a AP Invoices & Credit notes and AR Invoices & Credit Notes for payment and receipt processing.

Target Entity :

Enter the target entity which must be set up in IET Entity Database Mappings

Target Bank Account/Name :

Select the target bank account which is the bank account associated with the source “virtual” bank account in the target company. The Target Bank Name will be displayed.

Cash Management Clearing Account :

Only applicable to Bank Transfers and 1-step processing. This G/L Account is required when the IET Route between the Target Entity and the Source Bank Code Entity (derived from the Common Services Banks \ Account tab, "Bank Account" field) is multi-level.

Specify the clearing account to be used in the Source Bank Entry and Target Bank Entry.

For overview, see IET Cash Management Bank Setup

Note: 2-step processing does not support multi-level IET Routes.