Financial Management - PSFT (MOSC)

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Cash Control accounting for Direct Debit payments

edited Nov 8, 2012 5:17AM in Financial Management - PSFT (MOSC) 11 commentsAnswered
Hi

Cash clearing option is checked and the clearing method is set to 'Due Date' for Direct Debit payment method at the bank account level. After the Direct Debit worksheet is remitted and AR update process is run, AR account is credited and Cash control is debited. The question is which process debits the cash account and what are the next steps that need to be followed to generate the following entries

Cash Control account - Credit

Cash Account- Debit

Thanks,

Prasanthi

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