Tracking deposited payments Flashcards
T/F? Cash management lets you track the amount of a deposit posted in the system.
True
T/F? Multiple checks can be combined into one cash control group.
True (multiple checks and multiple payors)
What is a cash control group?
a list of cash control records
Define a record
a record is created per check that is deposited in the bank and needs to be posted into Epic
Define Cash Management
an Epic module that lets you create records of deposited money in order to validate that each check sent to the bank is posted in the system.
What function does the control amount field perform?
The control amount field is used to record the total dollar amount of checks in the cash control group
What is a batch?
A batch is a holding place in the system that contains all of the payment information until you finish posting all of the information.
Which tool can you use to review the history and details of a cash control group?
The cash control group report
