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Determining what the "Available To Cash" Feature Does
Answer:
Available to Cash is used when the AP staff want to be warned that there is not enough cash in the account before creating a voucher.
How do I set up the available to cash feature?
Most Foundations will not use this feature because they:
Most Foundations will not use this feature because they:
- Process checks and knowingly bring the balance below zero. They then use other processes to replenish the cash before mailing the checks.
- Have the checking account in the pool and an automatic sweep is performed by the bank as checks are presented for payment.
- Process vouchers and grants on a truly accrual basis and the vouchers are in Accounts Payable awaiting their payment date, thus a warning about cash availability is inappropriate since cash available now doesn't necessarily ensure cash available at the time the check is cut.
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