NetCash System Setup

Overview

This article explains how to enable certain features through the initial system setup for NetCash. 

Step by Step Process:

  • Navigate to NetCash > Setup > System Setup
  • There are three sections on the general settings tab: 
    1. Cash Management
      1. 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.  
      2. 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.
    2. Default Intercompany Accounts
      1. 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.
      2. 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.
    3. Reconciliation
      1. 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."
      2. 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.
      3. 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.
      4. 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.
  • The System features tab has a setting called Match Query Volume which 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. 
  • The License/Usage tab will show the tier of the product in use and the usage currently in the system. There will be an upgrade button available at the top of the page if not already on the premium tier to upgrade the account.  Manage Upgrades Subtab
    Field NameDescriptionExample
    Upgrade Preferences

    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. 

    		Bug Fixes
    Last Upgraded DateThis field shows the date that your product was last upgraded.10/7/2023
    Send Release Notes ToList individuals who should receive release notes when the bundle is updated. Brittley Eldredge
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