| Item | Description | Category | Purpose |
|---|---|---|---|
| 1 | Accrued Receivables Forward | Forex AP/AR | This is the account that is used to debit on the Forex |
| 2 | Accrued Payables Forward | Forex AP/AR | This is the account that is used to credit on the Forex |
| 3 | Accounts Receivable Swaps | Forex AP/AR | This is the account that is used to debit on the Swap |
| 4 | Accounts Payable Swaps | Forex AP/AR | This is the account that is used to credit on the Swap |
| 5 | Forex Difference | General | This is the difference account for forex |
| 6 | In transit account | Bank Transfer In-Transit | This is the account that gets the debit on a bank to bank transfer |
| 7 | Bank Fees Account | General Category | Debit for bank Accounts fees expense |
Cash management Bank Account
| Item | Description | Category | Purpose |
|---|---|---|---|
| 1 | GL Account | Cash Accounts | This is the account that will be used to balance an individual bank account - bank accounts must have a one to one relationship with general ledger accounts |
Overview
Content Tools