¶ Introduction
If any form of payment is required, that did not follow the normal procurement process, then it can be directloy captured in a Cash request forml. A cash request constitutes a fundamental aspect of financial operations across various industries and organizations, particularly within the realm of Treasury management. In essence, it signifies a formal or informal petition for funds, typically made by a department or entity within an organization, to fulfill specific financial needs. Whether aimed at covering operational expenses, facilitating investments, or servicing debts, these requests are vital for maintaining liquidity and ensuring the smooth functioning of an organization's financial operations. Through a structured evaluation process, often overseen by Treasury departments, these requests are scrutinized based on factors such as financial health, available reserves, and adherence to established policies and regulations. As such, understanding the intricacies of cash requests is essential for effective financial management and strategic decision-making within any organization.
¶ Navigation
¶ Specific Setup
¶ Step 1: Cash request setup
To set up of cash requests:
- Navigate to Treasury > Setup > Treasury parameters
- Click on the General tab
- Expand the Cash management FastTab
- Select a Cash request journal name
- Click on the Save button
¶ Daily use
¶ Step 2: Create a Cash request
- Go to Treasury > Cash management > Cash request
- On the Overview tab, the Cash request table will display, with the following columns
- Cash request ID
- Request date
- Cash request status
- Bank account
- Amount
- Amount currency
- Journal batch number
- Posted
- Posted date
- Document date
- Document
- Ledger type
- Account
- Method of payment
- Bank transaction type
- Sales tax group
- Item sales tax group
- Workflow status
- Click on the Beneficiary tab
- A page will display, with the Beneficiary details, as well as a table, with the following columns:
- Invoice
- Vendor account
- Name
- Posting Date
- Cash discount date
- Due date
- Currency
- Amount not settled
- Cash discount amo0unt
- Invoice amount
- Method of payment
