Version 2008 - ABAS Software AG

3.12.6. Cash management
The "outstanding items accounting" is fully integrated into financial
accounting. It is available for AP, AR, employees and general ledger
accounts. Outstanding items can also be administrated in foreign
currencies, downpayments, guarantees of payment, other accounts
payable and accounts receivable. Outstanding items are evaluated
according to various selection and sorting criteria.
When posting invoices and generating manual entries, the system
automatically generates outstanding items for the customers, vendors,
employees and the OI relevant G/L accounts concerned. In doing so,
both the standard default setting and also the differing process-related
default setting of data (e.g. payment due dates, bank details, note to
payee) will be taken into account. When recording the invoice it is
possible to schedule one or several partial payments.
There are several methods of payment to choose from when dealing with
payment transactions of debtors and creditors, e.g. transfers, debit notes,
checks, bills of exchange. There are several selection options for finding
the affected outstanding items.
Outgoing payments / Incoming payments
The affected outstanding items can be prepared for an
outgoing/incoming payment in one or several steps. Using the selection
criteria the outstanding items are selected.
The system suggests the payment due dates and cash discount amounts
on the basis of the terms of payment and fixed value dates. The system
suggestion can either be used or changed. The following methods of
payment are supported for outgoing/incoming payments: Transfer, debit
note, check, bill of exchange, other.
The infosystem "Create payment file" is used for the generation of export
files for the outgoing payments.
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