Cash Management

Cash management in Sparkrock 365 is used to manage a company's bank accounts. Before you can start processing bank transactions, you should first set up cash management by creating bank accounts and journals.

Learning Objectives

By the end of this module, you will be able to:

• Create bank accounts.

• Create customer and vendor bank accounts.

• Enter receivables information for customers.

• Enter payables information for vendors.

Prerequisites

Basic understanding of how to navigate the application and cash management.

Lesson Contents

This lesson includes the following contents:

• Create Bank Accounts

  5 minutes

• Describe Data Exchange Definitions

  2 minutes

• Configure Payment Methods

  3 minutes

• Set Up Customers and Vendors

  10 minutes

• Relationship Between Customer and Customer Ledger Entries

  4 minutes

• Relationship Between Vendor and Vendor Ledger Entries

  4 minutes

• Set Up Customer Bank Accounts

  6 minutes

• Set Up Vendor Bank Accounts

  7 minutes

• Set Up Payment Registrations

  4 minutes

• Enable Customer Payments Through Payment Services

  3 minutes

• Summary of Cash Management

  3 minutes

Check Your Knowledge

2 minutes

Check your knowledge.

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