Good day,
I have a client in commodity trading who relies heavily on short-term loans (often referred to as gap funding) to finance their operations. They would like clear visibility into these loan accounts and how they are progressing over time.
After reviewing options, we determined that using AP Accounts would provide the cleanest and most easily reconcilable setup. The loan providers are set up as vendors. However, when funds are received, Acumatica does not allow processing a receipt directly from a vendor to the bank.
As a workaround, we currently do the following:
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Create under bills and adjustments a document type Credit Adj with the contra account set to a bank suspense account.
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Record a bank receipt in Cash Transaction using the same bank suspense account as the contra account to clear the balance.
While this approach works, the client is asking whether there is a more streamlined method that avoids this two-step process.
Is there a better way to handle this scenario natively in Acumatica, without introducing a third-party solution?
Any guidance or best practices would be greatly appreciated.
Kind regards,
Wilson
