Pl read and let us know, in which module, this functionality works...
Could not find this functionality in CM
Example of daily cash management transactions
After reviewing the cash needs of each company and the available cash on hand, we conclude there are excess (deficient) cash balances in each of the companies as follows:
Here companies means balancing segments.
Engineers $(1,390,000)
North America $(735,000)
Operations LLC $(120,000)
Lindbergh & Assoc. $9,000
Limited $2,245,000
Paydown to Bank $(9,000)
Dr 0123 Note Receivable - Engineers $1,390,000
Dr 0127 Note Receivable - North America $ 735,000
Dr 0137 Note Receivable - Operations LLC $ 120,000
Cr 0133 Note Receivable - Lindbergh $ 9,000
Dr 2707 Note Payable Other - Long Term $ 9,000
Cr 0010 Cash $2,245,000
The same asset/liability accounts are used when one company recieves the receipts of another..