Hello I have this query from our finance people.
"Is it possible to main two Bank accounts within the BaaN Cash Management System. When our system was originally set-up it was explained that we could only maintain one.
We would like to maintain both a sterling and euro bank account within our system. The euro account would be used for both for Debtor receipts
and Creditor payments although the majority of the euro creditor payments would still be paid out of the sterling bank account, therefore we would need the flexibility of paying out of either account. This I think we could maintain by a journal transactions to the appropriate accounts if sterling values were allowed to the euro account !
The debtor receipt would be allocated by setting up a new transaction code which would debit the Anticipated Debtors Account and Credit the Sales Ledger Control Account. Before we could allocate the payment we need the transaction as a credit in the Anticipated Debtors and as a debit in the
Euro Bank Account, back to my original question can this be maintain in a second bank account in the Cash Management System.
We have found that the euro self bill procedure produces an invoice in the debtors account so all we need to do is to reconcile the euro payment."
Can anybody assist ?
IT Supoort Analyst
ATY Automotive & Industrial Components (UK) Ltd.