is it possible to maintain cash account for each plant

[venu_mamillapalli]

hi gurus

in our implementation, we have a scenario,where the company is divided into branches in different cities. and every branch is maintaining their own cash account and they want to continue the same procedure.

is it possible to maintain number of cash accounts for each branch under same company code.

what is the problems in future

can i maintain each branch as a cost center/profit center ??

pl advice

will be rewarded

[Former Member]

Hello,

You can maintain separate petty cash account for each branches.

It is better to maintain the branches as per the profit center.

Regards

Ravi

[venu_mamillapalli]

hi

yes i know the concept of petty cash. but here the thing is , every branch does its own sales, make payments for salaries etc.. in the sence they act as a seperate entity and maintain seperate cash accouts.

so is it possible to have a seperate cash account per branch/profit center wise ???

pl advice

[venu_mamillapalli]

hi gurus

any one can please advice me , weather is it possible to maintain cash accout and bank account seperately for branch/plant/or u can say cost center.

then how the transactions can be made

pl advice me

[Former Member]

Hi..

I suggest dont have separate cash books...

Make sure your profit centers are posted properly to have a grip on the business process...

When the transactions are done in hard cash, only then use cash book.

So, what i mean to say is, create profit centers and use them when you need to hve a transparency in the transactions that you do...

Cheers

Raghu