cash management doubt [message #213469] |
Wed, 10 January 2007 21:51 |
sridharkundeti
Messages: 11 Registered: December 2006
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Junior Member |
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Hi all
can anybody pls clarify this doubt in cash management
In cash positioning worksheet creation, for the Bank account opening balance, we have to give the Float type i.e.
1day, 2day etc.
what is the meaning of float here and what is it's practicality?
Thanks in advance,
Sridhar.K
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Re: cash management doubt [message #213592 is a reply to message #213469] |
Thu, 11 January 2007 06:39 |
sridharkundeti
Messages: 11 Registered: December 2006
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Junior Member |
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Thanks David,
for the interest you have shown upon my doubt,
It was just eagerness, that made my doubt unclear
Ok let me clarify my doubt
I am in the process of creating Cash position worksheet
The navigation is Cashmanagement->Cash positioning
The first thing we have to do is setting Bank account balance
I selected "SELECT MANUALLY" buttom to give the options
where for the opening balance it is asking the Float type.
You can see it from the attachment of this message.
Another thing is I referred the user guide also, no much information was given. I am pasting it here
"Float Type. (Required) Select a value in this field to adjust your opening bank account balance. Options include: Add One Day Float,Add Two Day Float, None, Subtract One Day Float, and Subtract Two Day Float."
I think I have given you enough Information,
Thanks in advance & regards,
Sridhar.K
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Re: cash management doubt [message #214172 is a reply to message #213978] |
Mon, 15 January 2007 04:45 |
David.K.Dickson
Messages: 413 Registered: October 2005 Location: Surrey, England
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Senior Member |
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sridharkundeti wrote on Sat, 13 January 2007 11:51 | Thanks Google and David(for the suggestion),
I was breaking my head only on User guides but forgot Google as an alternative.
At last I got the answer
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What was the answer? (For other forum members, for future reference, when they are searching the forum.)
Where did you find the answer? (A URL would be handy.)
Was there nothing in Help or in the User Guide?
David.
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Re: cash management doubt [message #215423 is a reply to message #213469] |
Mon, 22 January 2007 04:19 |
tgs100
Messages: 66 Registered: July 2005 Location: Chennai, India
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Member |
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Hi,
Float days: In case of payables, it is the difference between the check date and clearing date (money is reduced from bank account). In case of receivables, it is the difference between the check deposit date and the date money comes into your account.
In short, it is the no. of days bank takes for clearing the check. It depends on Bank, type of instrument, origin of instrument.
Cheers,
Sara
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