Banking workspace terminology

Term in Acumatica

Equivalent term in AccountRight

Description

Transactions

You can use this form to directly enter cash transactions and to view or edit the details of existing ones.

Funds Transfers

Accounts Command Centre -
Transfer Money

You use this form to transfer funds from one cash account to another, with related service charges applied, and to view the details of the recorded funds transfers. You can also reverse an incorrect funds transfer on this form.

Bank Deposits

Bank Command Centre- Prepare Bank Deposit

You use this form to create new deposits, and to select existing deposits and view or edit their information. Only payments recorded to clearing accounts associated with a bank account can be included in a deposit.

Reconciliation Statements

Bank Command Centre- Reconcile Accounts

You can use this form to create and edit reconciliation statements or to view the details of closed statements. While you are reviewing the current statement, you can add cash transactions on the fly.

Term in Acumatica

Equivalent term in AccountRight

Description

Cash Accounts

 N/A

You can use this form to create a new cash account and to view the details of an existing cash account. You can associate the cash account with the payment methods and entry types to be used with this cash account. You also can specify whether reconciliations are required for the cash account.

Term in Acumatica

Equivalent term in AccountRight

Description

Import Bank Transactions

n/a in Desktop- In browser Import Bank Statement

By using this form, you can import bank statements or enter statement transactions. You can then manually edit transaction details, if needed. If you have processed at least one transaction from the imported statement on the Process Bank Transactions (CA306000) form, you cannot edit all transactions from this statement.

Process Bank Transactions

N/A

On this form, you can import transactions from multiple bank statements for a particular cash account, which corresponds to the account in a bank. Transactions imported from multiple statements are displayed in the table as one list.

Release Cash Transactions

N/A

On this form, you can view the list of cash transactions and release all of them or only those you select.

Reclassify Payments

N/A

You use this form to view and edit payments that were entered previously as unknown (lacking details). On this form, you can add details that have become known.

Close Financial Periods

Lock Period (Preferences- Security)

You can use this form to close open financial periods in the cash management subledger, which is a required stage of closing a period in the general ledger. The financial period can be closed in the general ledger only if it is closed in the accounts payable, accounts receivable, inventory, fixed assets, and cash management subledgers.

Recalculate Account Balances

N/A

By using this form, you can recalculate the balances of cash accounts. The system recalculates the balances based on the history records and matches them to the account balances stored in the database.

Term in Acumatica

Equivalent term in AccountRight

Description

Cash Account Transactions

N/A

This report displays summary information about cash account balances during the specified date range. (The date range you specify does not need to coincide with financial periods.)

Reconciliation Statement History

Reports- Banking- Reconciliation Report

You can use this form to view the history of reconciliations. You can filter the reconciliation statements by cash account and date range. From this form, you can also create a new statement with the On Hold status for the cash account you select.

Bank Transactions History

Reports- Banking- Bank Register

You can use this form to view the history of imported bank transactions being processed in the system. You can filter the list of transactions by cash account, date range, or statement number.

Term in Acumatica

Equivalent term in AccountRight

Description

Deposit Slip

Prepare Bank Deposit

By using this form, you can select a particular deposit, view its information, and print the document as a list of customer payments that will be deposited to a specific bank. The document provides information about destination bank and information about customer payments included in the deposit.

Term in Acumatica

Equivalent term in AccountRight

Description

Cash Account Summary

Reports- Banking- Bank Register

This report displays information about reconciled and unreconciled disbursements and receipts for a specified cash account and a reconciliation statement. The report also shows the beginning balance of the bank statement and the cash account balance as of the statement date.

Cash Account Transactions

Reports- Banking- Bank Register

This report shows all the activities on the selected cash account during the specified date range, which need not coincide with financial periods.

Reconciliation Statement

Reports- Banking- Reconciliation Report

This report displays information about reconciled and unreconciled disbursements and receipts for a specified cash account and a reconciliation statement

Undeposited Payments

Undeposited Funds

This report displays the details of all undeposited (through the specified date) payment documents recorded to clearing accounts. The report lists documents by clearing accounts.

CA Edit

N/A

This report shows all unreleased cash documents, dated up to the current business date. The report can display documents affecting a particular cash account or all cash accounts.

CA Edit Detailed

N/A

This report shows the details of all unreleased cash documents, dated up to the current business date, affecting cash accounts. Cash documents (receipts and disbursements) are listed by document date and are shown with all details.

CA Register

Reports- Banking- Banking Register

This report displays all cash documents released in the system during the specified financial period. Documents are listed by their dates.

CA Register Detailed

Reports- Banking- Banking Register

This report displays the details of cash documents that have been released in the system for the specified financial period.

Reconciliation Register

Reports- Banking- Reconciliation Report

This report shows the summary of reconciliations for all cash accounts or for a selected account during the specified date range. For each cash account or the selected one, all reconciliations performed during the specified date range are listed with cleared transaction totals.

Reconciliation Register Details

Reports- Banking- Reconciliation Report

This report shows details of the reconciliations performed for the selected cash account (or for all accounts) during the specified date range. For each cash account, reconciliations performed during the specified date range are listed along with cash transaction amounts.

CA Batch Register

N/A

This report lists cash management transactions generated during the specified financial period. Batches are listed by their dates and are shown with their control totals. The list also shows the users who created and edited the batches.

CA Batch Register Detailed

N/A

This report displays the details of cash documents that have been released in the system for the specified financial period. Documents are listed by their dates and are shown with all the details and the amounts in the document currency and in the base currency.

CA Reversing Transactions

N/A

This report lists reversing transactions created for the same cash transaction on the Transactions form.

CA Reversing Transfer

N/A

This report lists transfers that have been reversed based on a transfer number that will need to be specified.

Term in Acumatica

Equivalent term in AccountRight

Description

Cash Management Preferences

N/A

You use this form to specify the settings for the cash management functionality. These settings include the numbering sequences to be used on cash management forms, the cash-in-transit account and corresponding subaccount to be used for funds transfers, and the options for calculating cash account balances and processing cash-related documents.

Payment Methods

Payment Methods

You can use this form to define and view payment methods and their details. You can define payment methods for incoming payments processed in accounts receivable (that is, payments from customers to your organisation), as well as for outgoing payments processed in accounts payable (that is, payments from your organisation to its suppliers).

Entry Types

Source

You use this form to define entry types, which are user-defined types of transactions originating on cash management, accounts payable, or accounts receivable forms in the system. Entry types, which can be receipts or disbursements, provide more details about transactions. For example, you can define separate entry types for AR payments, outstanding AP cheques, service charges, payroll cheques, and outstanding deposits.

Bank Transaction Rules

Bank Rules

You can use this form to define and view the rules that are used to create new payments for imported bank transactions for which matching documents were not found in the system on the Process Bank Transactions (CA306000) form. You can define rules to create documents created on cash management forms only.