Hi All, I am new in Acumatica and try to understand: when creating Entry Types should I ask the client about their cash transactions (what kind they use)? What is the best practice? Thank you
Best answer by ChandraM
View originalHi All, I am new in Acumatica and try to understand: when creating Entry Types should I ask the client about their cash transactions (what kind they use)? What is the best practice? Thank you
Best answer by ChandraM
View originalHi
The entry types are used in Acumatica in module like Banking (Cash Manager), Receivables, Payables to record the Cash Receipt(Payment received), and Cash Paid(Disbursements) to record the miscellaneous fees paid or received.
Yes, you have to explain the use of Entry Types in Acumatica and get the list of direct cash entries on the legacy system. The person performing the bank reconciliation or an accountant can help you.
Just ask the below Question to the client to setup the entry types:
Examples of Entry types:
Bank Fees - Directly paid or deducted by bank without any AP documents(Vendor Invoice)
Interest Charge received from bank - Interest
Credit Card fees
Late fee or Charge
Thanks
Hi
Screenshot showing the Entry Types:
Thank you very much,
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