Cash Transaction Types

Overview

Use Cash Transaction Types to define the cash transaction types that facilitate data entry in Cash Processing. You can select a user-friendly description when you create standard bank transactions and provide the default account groups to charge for the transaction type. Cash transaction types must be set up by Internal Company by Bank Account. These are common cash transaction types:

Description	Session Type	Transaction Type
Bank Debit Memo	Bank Transactions	Bank Adjustment
Bank Credit Memo	Bank Transactions	Bank Adjustment
Interest Income	Bank Transactions	Interest
Interest Expense	Bank Transactions	Interest
Bank Service Charges	Bank Transactions	Bank Adjustment
Returned Check Charges	Bank Transactions	Bank Adjustment
Returned Check Reimbursement	Bank Transactions	Bank Adjustment
Cash Transfers	Bank Transactions	Cash Transfer
Inter-Company Cash Transfers	Bank Transactions	Cash Transfer
Wire Transfer Sent	Bank Transactions	Cash Transfer
Wire Transfer Received	Bank Transactions	Cash Transfer
Letter Of Credit Drawdown	Bank Transactions	Cash Transfer
Daily Cash Deposit	Deposit - Cash	Daily Cash Deposit
Daily Check Deposit	Deposit - Cash	Daily Cash Deposit
Credit Card Receipts From Processor	Credit Card Processor Transactions	Credit Card Receipt
Credit Card Processing Fees	Credit Card Processor Transactions	Credit Card Processing Fee
Credit Card Charge Backs	Credit Card Processor Transactions	Credit Card Chargeback
Customer Check Payment On Specific Invoice	Deposit - Customer Payment	Customer Order Payment
Customer Cash Payment On Specific Invoice	Deposit - Customer Payment	Customer Order Payment
Customer Credit Card Payment On Specific Invoice	Deposit - Customer Payment	Customer Order Payment

Setting Up Cash Transaction Types

Open Cash Transaction Types under Financials | Setup.

Click New to create a new cash transaction type.

Specify a description for the cash transaction type in Description.

Select the Cash Processing Session Type from the dropdown list. The following Cash Processing Session Types are predefined in the System:

Bank Transactions – represents ordinary transactions that affect the cash account

Credit Card Processor Transactions – represents credit card transactions

Deposit - Cash – represents deposits made to the cash account

Deposit - Customer Payments – represents withdrawals made to the cash account.

Cash Processing Transaction Type contains the report that provides insight into the transactions that affected the cash balance. The reports available change, depending on the Cash Processing Session Type that you chose in step 4. These are common cash processing transaction types:

Cash Processing Session Type	Cash Processing Transaction Type
Bank Transactions	Bank Adjustment
Bank Transactions	Cash Transfer
Bank Transactions	Interest
Credit Card Processor Transactions	Credit Card Chargeback
Credit Card Processor Transactions	Credit Card Payment
Credit Card Processor Transactions	Credit Card Processing Fee
Deposit - Cash	Daily Cash Deposit
Deposit - Customer Payments	Customer Receivables Payment

Select the option to be used as the default for making payments in the Default Payment Method dropdown window. Options are defined in Payment Methods under Financials | Setup. The default value is None.

To specify the Case (Debit) Account Group, select the account in Acct, the department in De, the territory in T, and the product line in P. You can also create new account group segments by using the Quick Add feature. For more information, see Quick Add.

Note: The individual account segments will be labeled based on your Chart of Accounts.

To specify the Offsetting (Credit) Account Group, select the account in Acct, the department in De, the territory in T, and the product line in P. You can also create new account group segments by using the Quick Add feature.

Click Save and New, or click Save and then click New, to save the current cash transaction type and start adding the next.