Update Cash Accounts

Use the Update Cash Accounts screen to update the Bank G/L Cash Accounts table with the cash acct/org/ref1/ref2 combination data stored with the transaction detail for historical Accounts Payable, Cash Receipts, and/or Payroll transactions.

You must run the update cash accounts process before you can view the updated information on the View Cash Accounts subtask of the Manage Company Bank Accounts screen.

You must also run this process before you create bank transaction history records.

During the update process, Costpoint reads all of the cash account/organization/ref1/ref2 combinations that have been previously used and stored with the detail transactions from A/P, Cash Receipts, and/or Payroll. If additional cash account combinations are found, the new data will be added to the Bank G/L Cash Accounts table, but existing data in that table will not be overwritten.

To view all the cash account combinations for which detail data is stored in Costpoint Accounts Payable, Accounts Receivable, and/or Payroll, use the View Cash Accounts subtask on the Manage Company Bank Accounts screen.

To ensure that the appropriate records are included, you must select time periods for all fiscal years and periods in which there are A/P, Cash Receipts, and/or Payroll transactions to be used for the desired bank reconciliations.