Cash Management

Manage day-to-day transactions, cash balances, fund transfers, and bank account reconciliations in one place. Keep real-time track of every nuance in your company’s cash flow, and make accurate, informed decisions that will drive you toward a successful future.

  • Account for everything in real-time with a cohesive system
  • Automate transactions with Bank Feeds
  • Easily transfer funds between cash accounts
  • Streamline bank reconciliation

Key business benefits

  • Get an integrated view of your cash position for up-to-date reporting and forecasting.
  • Track balances across all bank accounts, currencies, and entities to gain a better understanding of current and future cash needs.
  • Predict future cash needs across currencies and subsidiaries.
  • Understand your cash position by looking at a 30-day trend with detailed transaction statistics.
  • Access cash management from anywhere using any web browser.
Related Resources

Monitor, Predict, and Manage Cash Across Multiple Entities

Manage all your cash needs from one place. Cash Management automatically collects all cash account transactions from General Ledger, Accounts Payable, and Accounts Receivable. It provides real-time reports with summarized views that let you drill down to account details.

KEY FEATURES OF CASH MANAGEMENT

Integration with financial modules. Automatically collect all cash account transactions from General Ledger, Accounts Payable, and Accounts Receivable into the integrated Cash Management module for clearing and reconciliation. Transactions that are linked to a vendor or customer automatically create entries in Accounts Payable or Accounts Receivable and update the appropriate balances.

Bank account reconciliation. Simplify the reconciliation process by adding bank charges and bank interest and recording omitted cash directly from the reconciliation screen.

Cash account transfers. Transfer funds between bank accounts and track funds that are in transit. Transfer between accounts in different currencies. Automatically calculate realised currency gains or losses.

Customisable reports. Start with high-level reports and drill down to transaction details to simplify reconciliation, forecasting, and reporting.

Accommodate taxes. Enable users to modify the cash transaction and accrue or strip out the tax from the cash transaction value.

We made the necessary change and set up nearly all our customers onto direct debit payment processing, which is all managed through Acumatica. That’s been a huge benefit for our cash flow and works very well for us.

–Colin Gilhespy, Co-Owner and Managing Director, Cave Direct

Petty Cash Management

Manage petty cash and bank account balances quickly and easily. View transaction history for a specific date range and switch between detailed and daily views. Trace both uncleared and cleared balances—and clear and add cash-related transactions—directly from the inquiry screen.

Remittance and Payment Instructions

Gather and pre-define payment information (such as preferred payment type and account numbers) for vendors and customers. Simplify and speed up payment processing.

Processing Centres

Configure the list of processing centres for cash collection, and align customer payment methods with a particular processing centre. The Accounts Receivable module uses this information for automated credit card processing.

Multiple Currencies Support

Maintain cash account balances in your base currency and your bank account currency. Execute cash revaluation to reflect rate changes. Automatically calculate realised gain and loss when transferring funds between accounts using different currencies.

Cash Account Security and Integrity

Control access to cash account information and balances. Prevent unauthorised access and restrict sensitive company information. Validate dates on financial forms and reject dates that do not match a period on the master calendar.

Cash Account Reporting

Use customisable reports to reconcile cash account balances and manage short-term cash reserves, forecasts, and projections. Drill down to review transaction details.

Audit Trails

Maintain a complete audit trail of all cash-related transactions. Handle corrections by adjusting entries, and each entry is logged. Capture the user ID for each transaction or adjustment. Attach notes and supporting documents directly to transactions.