Cash Operation

The Cash Operation card is used to record cash disbursements to a recipient or cash receipts from a sender. Cash operations are available only for cash-type accounts.

• Since cash transactions often result in conversion differences, the system includes a mechanism to register such cash losses and assign them to the relevant counterparty when required.

• Cash operations can be allocated to accruals. The allocation mechanism functions in the same way as for regular payments.

• Bank charges are not applicable to cash operations. Instead, cash differences are handled through the dedicated cash loss functionality.

• Certain payment-related fields and columns are hidden by default for cash operations for confidentiality reasons, as such transactions often include sensitive payments.

Incoming Cash Operation Payments

• Amount: Actual amount received and credited to the cash account.

• Sent Amount: Amount originally sent (non-cash).

• Transaction Loss: Amount lost during conversion to cash.

• Transaction Loss, %: Loss expressed as a percentage of the sent amount.

• Transaction Loss, Basis: Loss amount converted into the company’s basis currency.

Outgoing Cash Operation Payments

• Amount: Actual amount handed to the recipient.

• Amount Accounted for Recipient: Total credited to the recipient, including forwarded loss compensation (calculated as $Amount + Forwarded Cash Loss$ ).

• Forwarded Cash Loss: Loss amount reassigned to the recipient.

• Forwarded Cash Loss, %: Forwarded loss as a percentage of the total.

• Forwarded Cash Loss, Basis: Forwarded loss amount converted into the company’s basis currency.

Shared Field for Both Directions

• Remains Cash Loss: Total accumulated unforwarded cash loss for the account. Increases when a payment is received with a non-zero loss. This value may be used for forwarding losses in future payments.