Cash Control

Term. Document that provides a mechanism for linking a batch of deposited of funds to the documents that will create the General Ledger transactions including the Cash Receipt and Application Documents. It serves as an electronic record of the deposit batch. The Cash Control Document itself does not create any General Ledger transactions but does link other documents which do create the General Ledger entries. It's used for all methods of payment and the documents generated by the Cash Control Document vary depending on which payment medium is being processed (for example, cash, check, credit card, wire/ACH).