Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Is there just one cash account to be used on both Treasury and the agencies books?

April 26, 2017account agencies Books cash Treasury Used

0

Posted

Is there just one cash account to be used on both Treasury and the agencies books?

1 Answer

0

Posted

Yes. The same account number will be used because of its used by different business units. The same Agency Cash Account (101005) will be used between OTFS and all Streamlined Banking agencies. This will be the main cash account, but if you have a local depository account, the local cash accounts will still be used (e.g. 101060). Business Units is how you differentiate the activity in the 101005 account.