What is cash journal posting in SAP FI-BL - Bank Accounting?

SAP Term: cash journal posting

• Component: FI-BL

• Component Name: Bank Accounting

• Description: The cash journal postings update value changes in liquid funds in the cash account. A cash journal document is created. Cash journal postings consist of the following steps: 1. Posting in the cash journal - The posting is saved locally in the cash journal. 2. Transfer to the Financial Accounting general ledger - A cash document saved in the cash journal is latertransferred to the cash account in the general ledger. An accounting document is created as a follow-on document.

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• Key Concepts: 
  Cash journal posting is a feature of SAP's FI-BL Bank Accounting component. It allows users to record and manage cash transactions in a single journal entry. This includes payments, receipts, and transfers between accounts. The cash journal posting feature also allows users to track the status of each transaction, such as whether it has been posted or not.
  
  How to use it: 
  To use the cash journal posting feature, users must first create a cash journal entry. This can be done by selecting the “Create Cash Journal Entry” option from the FI-BL Bank Accounting menu. Once the entry is created, users can enter the details of the transaction, such as the date, amount, and account numbers. Once all of the information is entered, users can post the entry to record it in the system.
  
  Tips & Tricks: 
  When creating a cash journal entry, it is important to double-check all of the information entered to ensure accuracy. Additionally, users should always remember to post their entries after they have been created in order for them to be recorded in the system.
  
  Related Information: 
  For more information on cash journal posting in SAP's FI-BL Bank Accounting component, please refer to SAP's official documentation at https://help.sap.com/viewer/product/FI_BL_BANK_ACCOUNTING/latest/en-US