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Nov 02, 2007 at 06:26 PM

Ledger and treasury

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Hi,

Can anyone give me layman's explainations on what is a Ledger and what is a treasury?

Please explain me the below requirements..

"Receivables go directly into the ledger. The funds are not sent to the treasury – the bank does that. The information that the treasury has gets posted into the legacy system. "

Thanks...

Uma.