10/12/2011 FIN 01 Overview of SAP FI Master Data - Mississippi ...
10/12/2011 FIN 01 Overview of SAP FI Master Data - Mississippi ...
10/12/2011 FIN 01 Overview of SAP FI Master Data - Mississippi ...
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1.6 Separate Ledger for Cash Basis Accounting<br />
Cash Basis Accounting (CBA)<br />
• CBA uses a “Cash“ ledger updated in parallel to GL<br />
• Expenditures are posted when paid (invoice is cleared)<br />
• Expenses, Inventory Restocking, Fixed Assets (direct)<br />
• Revenues are posted when deposited (invoice is cleared)<br />
• R/E is <strong>of</strong>fset to a Cash account – e.g. Warrants Out Clearing<br />
• All lines to balance sheet “cash“ accounts are posted<br />
• Cash totals by Fund, Business Area (BA represents<br />
the Agency) , and Grant if required<br />
• Cash Control – check cash balance per Fund + BA<br />
<strong>10</strong>/14/<strong>2<strong>01</strong>1</strong> 18
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