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2018R1 Multi-Branch...
 
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Questions 2018R1 Multi-Branch Configuration/Implementation Cash Accounts and Bank Reconciliation

 
Everything Else
Last Post by Tim Rodman 8 years ago
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russ
Posts: 31
 russ
Topic starter
August 6, 2018 10:54 am
(@russ)
Eminent Member
Joined: 6 years ago

Got all excited about the new multi-branch functionality (Companies With Branches Requiring Balancing), but now I'm worried.  I have a company with 3 branches (NC, VA, DE) and each one is it's own Profit Center (P&L).  I use Sub-Accounts to manage them as Branches.  They share one bank account.

Looks like I have to setup 3 different Cash Accounts (tied to the same GL account).  My question is in regards to Bank Reconciliation.  Does Acumatica's bank recon functionality work in this scenario?  I was in the process of implementing Bank Recon and it was easy (One Cash Account - One Bank Account) before I started down the multi-branch path.

PS. -- Does anyone know if Acumatica has an implementation/configuration guide for those migrating to the new Mutli-Branch functionality.  Lot more to it than I initially expected.


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AhmedBahar
Posts: 29
 AhmedBahar
August 10, 2018 10:00 am
(@ahmedbahar)
Eminent Member
Joined: 6 years ago

The specific configuration settings are in the implementation checklist and there is a special 2 pages in the change list that describes how one has to set up the Companies before upgrading.

Based on your description you have to set up the Ledgers right so that when it upgrades it creates ONE company under which will be your 3 Branches.

Everything else is generally the same and your unit sets in your P&L should work fine, too but I suggest a snapshot in a separate instance to upgrade test it all...


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Tim Rodman
Posts: 3204
 Tim Rodman
Admin
August 15, 2018 6:14 am
(@timrodman)
Famed Member
Joined: 10 years ago

I'm not sure how the Acumatica bank rec would work if you create 3 Cash Accounts for what is 1 Bank Account.

Is it possible to link the Cash Account to the Company rather than the Branch? If not, I wonder if it would be possible using a Company Type of With Branches Not Requiring Balancing.


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Tim Rodman
Posts: 3204
 Tim Rodman
Admin
August 16, 2018 4:40 pm
(@timrodman)
Famed Member
Joined: 10 years ago

Wouldn't you want to create a 4th "Corporate" branch anyways? Then this branch would get the bank account.


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