Tracking Deposited payments

Question 1

True or False: Cash mgmt tracks how much of a deposited payment has been posted in Resolute?

Answer 1

True

Question 2

True or False. Multiple checks can be combined into one cash control group?

Answer 2

True (multiple checks and multiple payors)

Question 3

True or False: Confirmed a cash control group posts the payment into Epic

Answer 3

False. Payments aren’t posted through the cash control group creation process. Cash control groups are representations of a bank deposit. Matching a cash control group to a payment posting batch allows for the reconciliation of posted payment to the money in the back

Question 4

True or False: Cash control groups must be created manually in Epic.

Answer 4

False, Cash control groups can be (and are best) created automatically by the system using information from a bank deposit file.