Setting up cash accounts

Use the Set up cash accounts window to define the cash accounts where you will record cash deposits and credit and debit card deposits.

It is necessary to create entries on the Set up cash accounts window under the following circumstances:

If you accept and process credit/debit card receipts, you must create a cash account code to represent each credit/debit card type, along with the cash account where the card receipts should be posted if the card type is unique.
If you are using batch control, a cash account is required to represent each checking account (even if you have only a single account).
If you accept in-kind or asset fundraising donations you must set up a cash account for each GL account to which these gifts will be posted.