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Manage cash balances, bank transactions, funds transfers, and reconciliations. Gain real-time visibility into cash positions, automate financial workflows, and make informed decisions with connected cash data across your business.
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AcumatiCares
Product
Cash Management Software
Manage Cash Flow and Bank Transactions
Acumatica Cash Management gives finance teams a centralized view of cash balances and transactions across the business. Monitor cash activity, reconcile bank accounts, transfer funds, and use customizable reports to manage short-term cash needs and forecasts.
Integrated with General Ledger, Accounts Payable, and Accounts Receivable, Cash Management automatically brings financial transactions into the reconciliation process and provides summarized views with drill-down access to account and transaction details.
Key Benefits of Cash Management Software for Your Company
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Integrate with Financial Modules
Automatically collect all cash account transactions from General Ledger, Accounts Payable, and Accounts Receivable into your cash management system for clearing and reconciliation. Transactions linked to a vendor or customer automatically create entries in Accounts Payable or Accounts Receivable and update appropriate balances.
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Transfer Funds Between Cash Accounts
Transfer funds between bank accounts and track funds that are in-transit. Transfer between accounts in different currencies, and automatically calculate realized currency gains or losses.
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Streamline Bank Account Reconciliation
Simplify the reconciliation process with cash management software. Add bank charges and bank interest, and record any omitted cash directly from the reconciliation screen. Improve organizational internal control and audit compliance by establishing approvals of bank reconciliation statements to permit the appropriate individuals within the company to approve or reject bank reconciliation statements.
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Accommodate Taxes
Calculate and include taxes on cash transactions from bank downloads.
Important Features of Cash Management Software
Petty Cash Management
Manage petty cash and bank account balances quickly and easily. View transaction history for a specific date range and switch between detailed and daily views. Trace both uncleared and cleared balances, and clear and add cash-related transactions directly from the inquiry screen.
Remittance and Payment Instructions
Gather and pre-define payment information (preferred payment type, account numbers) for vendors and customers to simplify and speed up payment processing.
Processing Centers
Configure the processing centers you will use for cash collection and associate customer payment methods with a particular processing center – used for automated credit card processing.
Multiple Currencies Support
Maintain cash balances in both base and bank account currencies, revalue cash accounts as exchange rates change, and automatically calculate realized gains or losses on cross-currency fund transfers. Acumatica also supports multiple base currencies and consolidated reporting across companies with different base currencies.
Cash Account Security and Integrity
Control access to cash account information and balances. Prevent unauthorized access and restrict sensitive company information. Validate dates on financial forms and reject dates that do not match a period on the master calendar.
Cash Account Reporting
Use built-in reports to reconcile cash account balances, monitor short-term cash reserves, and review forecasts and projections. Drill down from summarized reports to supporting transaction details for deeper financial analysis.
Audit Trail
Maintain detailed audit records for cash-related transactions and adjustments. Corrections are handled through logged adjusting entries, and Acumatica records the user associated with each transaction or adjustment. Notes and supporting electronic documents can also be attached directly to transactions.
Cash Management Software – FAQ
What is Acumatica Cash Management software?
Acumatica Cash Management software helps businesses monitor cash balances, manage bank transactions, transfer funds, reconcile accounts, and report on cash activity within Acumatica Cloud ERP. It keeps cash management connected with the financial transactions recorded across the business.
How does Acumatica Cash Management work?
Acumatica Cash Management brings cash account transactions from General Ledger, Accounts Payable, and Accounts Receivable into a centralized workspace. Finance teams can monitor balances, reconcile bank accounts, transfer funds, manage multiple currencies, and drill down into supporting transaction details.
Who is Acumatica Cash Management designed for?
Acumatica Cash Management is designed for growing businesses that need centralized visibility into cash balances, bank reconciliation, funds transfers, cash forecasting, and connected financial transactions across one or multiple entities.
How does Acumatica support bank reconciliation?
Acumatica helps finance teams reconcile bank accounts while recording bank charges, interest, and omitted cash transactions directly from the reconciliation workspace. Businesses can also configure approval workflows for bank reconciliation statements to strengthen financial controls.
How does Cash Management integrate with Acumatica Financial Management?
Cash Management integrates with General Ledger, Accounts Payable, and Accounts Receivable so cash transactions can flow into reconciliation and related financial processes. Customer and vendor related transactions can also create corresponding AR or AP entries and update associated balances.
Can Acumatica Cash Management software support multiple currencies?
Yes. Acumatica can maintain cash balances in base and bank account currencies, revalue cash accounts as exchange rates change, and calculate realized gains or losses on transfers between accounts using different currencies.
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