Physical Cash Pooling, with initiate Bank flag YES or NOT
Hi all, I am looking for a confirm about cash pooling process.
I've setted a Physical Cash Pooling, managed by bank statement; in detail:
1° upload bank statement within cash pooling transactions (sweep transaction), swift code CMZ.
2° After the importation of the bank statement I run the Sweep Transactions Generation program. After this if I inquiry Bank Account Transfer I see the transactions.
3° I run the Autoreconciliation program.
4° I run the Create Accounting program.
Preliminary setup for this flow, set Intercompany Balancing Rules, and set the Physical Cash Pooling with, VERY IMPORTANT, the flag Bank Initiated Sweeps Yes; corect?!
Thanks in advance to anyone will help me.
I've setted a Physical Cash Pooling, managed by bank statement; in detail:
1° upload bank statement within cash pooling transactions (sweep transaction), swift code CMZ.
2° After the importation of the bank statement I run the Sweep Transactions Generation program. After this if I inquiry Bank Account Transfer I see the transactions.
3° I run the Autoreconciliation program.
4° I run the Create Accounting program.
Preliminary setup for this flow, set Intercompany Balancing Rules, and set the Physical Cash Pooling with, VERY IMPORTANT, the flag Bank Initiated Sweeps Yes; corect?!
Thanks in advance to anyone will help me.
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