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Cash Book

Cash book represent the Secondary ledger’s accounting data in cashbasis accounting representation. This is merely a transfer of subledger cashrelated journal entries from Primary ledger accrualbasis to Secondary ledger cashbasis

About Service

  • Cash basis of accounting, transactions are recorded only when cash is received or paid
  • The cash ledger close process begins once accrual ledger data is ready for month-end financial review i.e. when the accrual ledger has been closed
  • Most transactions with a cash component are automatically transferred to the cash ledger
  • Entities must ensure that each cash ledger accounting period is opened when the corresponding accrual ledger accounting period is opened
  • General Ledger must be implemented in order to get this service.