Enter Cash Flow Repetitive

Explanation

This activity is used to manually enter recurring cash flows that recur at a regular interval and are not included in transfers from IFS/Payment. Examples of repetitive cash flows are salaries and taxes. The manually created cash flows can be used in cash flow analysis and reports to get a complete view of cash flows within the company or companies.

Prerequisites

In order to perform this activity, basic data must have been entered in the Cash Flow Sources and Cash Flow Types windows.

System Effects

As a result of this entry cash flows can be included in cash flow analysis reports.

Window

Manual Cash Flow - Repetitive

Related Window Description

Manual Cash Flow - Repetitive

Procedure

To enter recurrent cash flows:

  1. Open the Manual Cash Flow-Repetitive window and click New. Enter Source and Cash Flow Type either by entering information in the fields or by selecting from the List of Values. Complete the First Payment Date and the Number of Payments. The latter is how many times the payment is to be repeated.
  2. Continue entry by completing the Frequency field to indicate how often the cash flow is to occur per Frequency Type. Click the Frequency Type and select Month, Week, or Day. Enter the recurring cash amount in the Cash Flow Amount field. Outgoing payments are entered with a minus sign preceding the amount. Enter Source and Cash Flow Type either directly in the fields or by selecting from the List of Values. Enter Currency and whether the payment is incoming or outgoing. Check the option required in the In/Out field.
  3. In the Status field, enter a value of 1-5 to designate the reliability of payment. Use the List of Values for detailed information on the Status field. Enter information in the Text and Counterpart fields, using the List of Values. In the Counterpart field choose one of the options, External or Internal. End by selecting Save. The current date is set as the entry date by the system.