Treasury

• 26/01/2024
• 7 minutes to read

OPplus Treasury provides customers with cross-company views of all payment-relevant data. This includes banks and bank balances, customers and vendors with their respective open items, open payment import journals, and payment proposals. The cross-company views of the accounts or their items can be accessed in any Treasury company, provided that user permissions allow it.

There is easier access to liquidity-related data within the group for centralized control. Payment proposals can be centrally created and monitored in treasury companies using templates for execution. When payments are made to different bank accounts within the Treasury network, assigning them to the corresponding Treasury companies is easy. To ensure proper accounting and transfer of payments to the correct companies, the required journal entries are mostly automated. Additionally, the Treasury module enables the use of central bank accounts, which allows for processing the entire payment receipt of individual Treasury companies.

Treasury Setup

To use the module, you must make some configurations on the Treasury Setup page. These configurations include selecting which companies' data should be displayed across companies and which bank accounts, G/L accounts, customers and vendors, and their open items should be displayed. Additionally, payment proposal templates, payment proposals, and payment import journals need to be configured.

To add companies:

1. Use the icon, enter Treasury Setup, and select the related link.

2. Enter information for the following fields:

   Field	Description
   Companies	In the Companies field, you can choose: All - the data for all companies is displayed. or Selection - if selected, you must define the companies that must be considered. Go to Selection > Company Selection to enter the desired companies. Select the Name option in the Type field to enter companies individually. For a group of companies, select Filter. When you select the Filter type, you must select the criteria in the Filter Field field and the filter itself in the Filter field.
   G/L Accounts	To display the balances of selected companies in the treasury list, you need to determine whether and for which G/L accounts the balances will be shown. Please note that you cannot select all G/L accounts at once, you must define a specific selection for the G/L accounts. You have two options to choose from: Empty - no accounts will be synchronized. or Selection - select the accounts using an appropriate filter.
   Bank Accounts	Define whether and for which bank accounts the balances of the selected companies are displayed in the treasury list. You can define a selection for the bank accounts or select all bank accounts.
   Customers	Here you can specify if the balances of the chosen companies are displayed in the treasury list and for which customer(s). You have two options to choose from: All All Open - displays the open items only.
   Vendors	Here you can specify if the balances of the chosen companies are displayed in the treasury list and for which vendor(s). You have two options to choose from: All All Open - displays the open items only.
   Open Customer Entries	To handle customer entries, the Treasury can display either all open items from individual customers or only the open items of specific accounts chosen in the selection. The transaction data updates automatically, and whenever a new open item appears, it is automatically shown in the Treasury within an associated selection of personal accounts, or in the case of the All option, it is displayed automatically in the Treasury. Define whether and for which customers the open entries of the selected companies are displayed in the treasury list. The options are: All open Select Customer
   Open Vendor Entries	To handle vendor entries, the Treasury can display either all open items from individual vendors or only the open items of specific accounts chosen in the selection. The transaction data updates automatically, and whenever a new open item appears, it is automatically shown in the Treasury within an associated selection of personal accounts, or in the case of the All option, it is displayed automatically in the Treasury. Define whether and for which vendors the open entries of the selected companies are displayed in the treasury list. The options are: All open Select Customer

3. After selecting the companies and setting the configurations, select Home > Initialize to initialize the selected companies for the Treasury and to transfer all master and transaction data according to the setup from the companies belonging to the Treasury network into the cross-company views. Any further movement or change on the assigned accounts will be automatically displayed in the Treasury views from this point onwards. Please note that this one-time initialization can affect the database performance during the execution of the job, depending on the extent of the booking history.

4. Additional settings include:

   • Activate Treasury - enable this field to synchronize ongoing movements and changes in the master data of the Treasury companies.
   • Note Company Usage - if you want to limit the view to individual Treasury companies, you can set a checkmark in the Treasury Companies column in the Treasury Companies table. In the Treasury Setup, you must enable Note Company Usage for the restriction to apply to the companies.
   • Activate G/L Entries - to keep the items in the Treasury up to date, i.e., to synchronize them permanently, this toggle must be switched on. Please note that the synchronization of items can take a relatively long time, depending on the quantity of booked items.