Dears,

1) If my supplier accepts only cash mode of payment for the goods received, how to map the same in our system ?

a) Invoice
b) Payment
c) Reconciliation



2) If my customer pays me cash directly for the service rendered, how to map the same in our system ?

a) Transaction
b) Receipt
c) Reconciliation


3) How to involve Bank accounts in the above scenarios?

Thanks in advance,
Shanmuga

Is this an exception or is this a normal business practice? This could be implemented in various ways depending upon how frequently this is happening.
Lets say you have 100 suppliers and only 1 of them is living in a stone age.
1) You will enter a normal invoice in the system. I am sure this supplier sends our paper/electronic invoices.
2) You will go to the bank/ATM and withdraw money and hand it over to the supplier.
3) Enter a manual payment in Payables. A manual payment represents a transaction that happens outside the system.
4) In cash management this transaction would appear as withdrawal in your bank account.
If this happens frequently then you can withdraw some money by entering an invoice against a dummy vendor. Call it "Petty Cash Vendor". Then you can serve all these cash vendors from the petty cash account assuming.
I hope that helps. I am sure there are other ways of handling such situations. Fill us in if you come across other solutions.
Same scenario could be implemented in Accounts Receivables as well. Enter a receipt and deposit the cash in your bank account/ATM along with other checks. Cash Management would detect the deposit in your banks statements.

Thanks a lot Mr. Hasan.