Topic: Cash and Bank
It would be have better if cash and bank has separate payment if the company has large number of banks
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It would be have better if cash and bank has separate payment if the company has large number of banks
What do you mean?
Please explain...
AM
Cash Payment one menu and Bank Payment one menu... Also cash deposit one menu and bank deposit one menu
Cash Payment one menu and Bank Payment one menu... Also cash deposit one menu and bank deposit one menu
Well a cash account in FA is treated like a bank account. It is convenient to select which account you want to make a payment from... Deposit is the same way... only thing is if you have a cash box where cash from cash sales is kept, then you may want to take some of that cash from your cash account (box) and deposit it in the bank, then you need to do a( Bank Account Transfers), or make a (Journal Entry). It might be nice to have a way to make a deposit from your cash account to your bank account? But I don't see this as being a big problem. You can already restrict users of these transactions in (Access Setup).
AM
The reason for separating bank and cash payment is to use difference reference for cash and bank. ie cash payment i will use CP1 and bank payment BP1
arshadka...
In such case, main concern is reference number, or transaction number. Instead of using different menu.. It will be more confuse.
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