Acumatica Cloud ERP Cash Management Module

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Cash Management

Acumatica Cash management software helps manage cash flow using commonly accepted techniques.

Acumatica Cash Management

How Acumatica Cash Management Can Work for You

The Acumatica cash management system helps keep track of day-to-day transactions, cash balances, funds transfers, and bank account reconciliations in one place. With Acumatica cash management software, monitor, predict, and manage cash across multiple entities using customizable reports and streamlined bank reconciliation processes. All of this happens in real-time to support the most accurate decision-making.

Key benefits of Acumatica Cash Management

Transfer Funds Between Cash Accounts

Transfer funds between bank accounts and track funds that are in-transit. Transfer between accounts in different currencies, and automatically calculate realized currency gains or losses.

Integrate with Financial Modules

Automatically collect all cash account transactions from General Ledger, Accounts Payable, and Accounts Receivable into your cash management system for clearing and reconciliation. Transactions linked to a vendor or customer automatically create entries in Accounts Payable or Accounts Receivable and update appropriate balances.

Streamline Bank Account Reconciliation

Simplify the reconciliation process with cash management software. Add bank charges and bank interest, and record any omitted cash directly from the reconciliation screen.

Accommodate Taxes

Calculate and include taxes on cash transactions from bank downloads.

Important Features of Acumatica 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.

  • Gather and pre-define payment information (preferred payment type, account numbers) for vendors and customers to simplify and speed up payment processing.

  • Configure the processing centers you will use for cash collection and associate customer payment methods with a particular processing center – used for automated credit card processing.

  • Maintain cash account balances in base currency and bank account currency.

  • Execute cash revaluation to reflect rate changes.

  • Automatically calculate realized gain and loss when transferring funds between accounts using different currencies.

  • Support multiple base currencies and consolidates reporting across companies with different base currencies.

  • Control access to cash account information and balances to prevent unauthorized access and restrict sensitive company information.

  • Use provided reports to reconcile cash accounts balances and manage short-term cash reserves as well as forecasts and projections.

  • Drill down to review transaction details.

  • Maintain a complete audit trail of all cash-related transactions.

  • Transaction records cannot be changed – corrections are handled through adjusting entries, which are logged.

  • The cash management system captures the ID of the user who entered the transaction or adjustment.

  • Attach notes and supporting electronic documents directly to transactions.

Acumatica Financial Management Resources

Acumatica Financial Management Brochure

16 Ways Businesses and Organizations Grow with Acumatica Cloud ERP

Acumatica Cash Management Brochure

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