Debit and credit entries balance each other in accounting records. Debit entries add positive numbers, credit entries add negative numbers. Every transaction requires corresponding opposite entries in different accounts
TRCMB is the SAP transaction code for Cash Management report. Short description is "Report Tree: Cash Management". Part of the SAP report tree functionality
Cashier acts as mediator between merchants and payment processors. Enables merchants to connect to multiple payment providers. Provides unified environment for managing multiple providers. Ideal for high-risk industries like gaming and forex
Petty cash is small company cash kept for minor expenses. Companies typically keep between $100 and $500 as petty cash. Funds are used for office supplies, customer cards, and employee reimbursements
Bank reconciliation compares company's financial statements with bank statements. Process helps detect errors and catch discrepancies in cash flow. Regular monthly reconciliation recommended for accurate financial monitoring
Accounts Payable represents money owed to suppliers within one year. AP appears as current liability on balance sheet. AP department handles payments to suppliers and creditors