[CM] How to set up new CM Account

The CM Accounts form is used to define each bank account that will be tracked within the Cash Management (CM) module. These accounts facilitate tracking of cash transactions across AP, AR, CM, and PR modules.

Setup Steps

1. Create a CM Account:

   • Navigate to CM > Programs > CM Accounts.

   • Set up a separate account for each checking, savings, or investment account that requires cash tracking and reconciliation.

2. Assign a GL Account:

   • Designate a GL Account code for each CM Account to ensure that debits and credits post automatically to the correct account.

   • Maintain a one-to-one relationship between CM Accounts and GL Accounts to ensure balances remain aligned.

3. Integration Across Modules:

   • The assigned GL Account code will be used by AP, AR, PR, and CM (Outstanding Entries and Transfers) whenever transactions are posted to the bank account.