cash-flow-payments

#Creating Payments Based on Cash Flow Ledger Entries

The SMART Cash Flow solution provides users with the ability to simplify the process of creating bank payments to vendors. Based on the Cash Flow Ledger Entries, the user can make a payment to the vendor. To do this:

• Go to , which opens the Search function and enter Cash Flow Ledger Entries, thenfollow the appropriate link.
• Select the appropriate entry of the Cash Flow Ledger Entries that you want to pay. You can select a few ones.
• Click Create Payment.
• Select the appropriate batch of the financial journal for payment; click OK.
• Financial journal lines are generated, the necessary line fields are filled automatically.
• Check and post the generated lines.

After the payment is created in the financial journal, on the Cash Flow Journal page, the value of the Exists in the financial journal field changes to YES. When the financial journal line is posted, the Paid indication will become active on the same page. The posted payments will be automatically applied to the vendor's documents or entries.

Note
Payment is linked to a cash flow transaction only if Cash flow entry number is filled in the financial journal line.
If no entry number is specified, the "Exists in the financial journal" and "Paid" characteristics remain blank.

To restrict posting of financial journal lines without the Cash flow entry number field, enable the Cash flow entry number required characteristic on the Financial journal templates page. This will prohibit the posting of a financial journal with an empty Cash Flow Entry Number field.

If the payment is not posted for the full amount of the cash flow transaction, this transaction can be divided into several separate entries. To do this:

• Select the cash flow ledger entry to split.
• Click Split line.
• In the window that opens, fill in the necessary fields: New Cash Flow Date - Determines the cash flow date of the new transaction record, New amount - Specifies the amount of the new transaction record.
• Click OK.

When splitting the currency transaction of the cash flow ledger, the amount in the local currency will be automatically converted in accordance with the exchange rate effective on Cash flow date for each entry.

Note
You can only split transactions that are not marked as Paid and for which no lines have been created in the financial journal.

Useful links

Cash Flow Setup
Create Cash Flow Ledger Entries
Cash flow overview