NetCash System Setup

Overview

This article overviews the settings and features found under NetCash > Setup > System Setup.

General Subtab

Cash Management

  • Finicity Customer ID: Clients who are connecting to banks using Finicity will see the Finicity Customer ID appear in this field after connection. All other clients will not have any information in this field.  

Skript

  • Skript/Australian Fields: Australian based clients will be required to enter specific information into this section. All other clients will not have any information in these fields. Additional information can be found in this NetCash Automatic Bank Connection - Australia - Skript article.

Default Intercompany Accounts

  • Receivables Account:  Select the account that should be used to record intercompany receivables. If an account with " ELIMINATE INTERCOMPANY TRANSACTIONS" is checked, it will require intercompany vendors and customers to be used.
  • Payables Account: Select the account that should be used to record intercompany payables. If an account with " ELIMINATE INTERCOMPANY TRANSACTIONS" is checked, it will require intercompany vendors and customers to be used.

Reconciliation

  • Balance Changed Date Variance: This is the number of days that a previously matched GL transaction can change by without setting the reconciliation status to "Balance Changed."
  • Monthly Reconciliation Date: This field allows users to set the date that they want not started reconciliations to be created on. If  Show Reconciliations Not Started is checked and this field is left blank, then it will default to the last day of the month.

Bulk Create Transaction

  • Transaction Grouping Preference: Determines how transactions are grouped during bulk creation. 'Transaction Per Bank Activity' creates one transaction per line. 'Date' groups all on the same date into one. 'Date & Offset Account' groups by both date and offset account.

System Features

Permissions

  • Restrict Bank Accounts Based on Subsidiary: When enabled, users will only have access to view NetCash Bank Accounts linked to Subsidiaries they have access to through their role permissions.
  • Users Without Subsidiary Restriction: When Restrict Bank Accounts Based on Subsidiary is enabled, users can be selected here to make them exempt from the permission restriction.

Reconciliation

  • Show Reconciliations Not Started: If this field is checked, then NetCash will show a reconciliation for each NetCash Bank Account each month, if a reconciliation has not been completed for that month by the date specified in the Monthly Reconciliation Date field then a reconciliation will be shown as not started for that month.
  • Not Started Reconciliation Accounts: By default, if Show Reconciliations Not Started is checked, then a reconciliation will be shown for every NetCash Bank Account. This field allows users to select the specific NetCash Bank Accounts that they want to see not started reconciliations for and will ignore the other NetCash Bank Accounts.

Intercompany

  • Use Multiple Intercompany Accounts: When enabled, additional intercompany receivable and payable accounts can be utilized within NetCash transfers. When this setting is disabled or the fields are left blank, the default intercompany accounts within the system setup page are used.

AI

  • AI Enabled: Allows users to toggle the AI assistant on various NetCash reports off and on.

Cash Application

  • Include Undeposited Funds: Allows users to apply cash from a bank transaction to GL transactions that are booked to the Undeposited Funds account. When applying cash to an Undeposited Funds transaction, NetCash will create a deposit. To apply a bank transaction to an Undeposited Funds transaction, the amounts must match exactly.

Matching

  • Match Query Volume: Allows users to set the number of transactions that display on the Manual and Review Match pages. By default this is set to 5,000 transactions. Users can set this higher where needed, however, the performance of NetCash will be slowed as the queries will be handling more transactions at a time.  We do not recommend changing this setting unless necessary for matching more than 5,000 transactions at one time. 

Import Tools

Permissions

  • Bulk Custom Role Permissions Import: Click the link to open a tool that will help you get started in NetCash by allowing you to bulk import role permissions to NetCash customer records and transactions.

License/Usage

The License/Usage tab will show the tier of the product in use and the usage currently in the system.

Manage Upgrades

Manage Upgrades

  • Upgrade Preference: This field controls when your version of NetCash will be upgraded. You can choose to only receive updates when there are major updates, when there are minor updates, or whenever NetCash release bug fixes.
  • Last Upgrade Date: This field shows the date that your product was last upgraded. 
  • Send Release Notes To: List individuals who should receive release notes when the bundle is updated. 
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