In the Sweep Unmatched Cash panel, you can sweep, or release, the cash associated with the bank settlements that remain unmatched at the end of the day into a default portfolio within Eagle Accounting when you use cash segregation. Sweeping unmatched cash runs at the omnibus level. That is, it is a global event that applies to all accounting entities. You can schedule the event associated with this panel to run on a regular basis and/or can run it on an as needed basis.
After you sweep unmatched cash, the bank settlement has an status that is unmatched and in suspense. In the future, the system continues to try to match any bank settlements in suspense to their true open receivables/payables until they are matched. It applies cash account tolerances during automated cash matching. If the system is able to find an eligible match for the bank settlement, it cancels the transactions that put the cash in suspense and matches the bank settlement to the true open receivable/payable.
To sweep unmatched cash: 1. From
- From any Eagle window, click the Eagle Navigator button to access the Eagle Navigator.
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- Enter Sweep Unmatched Cash in the Start Search text box.
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- Click the Sweep Unmatched Cash (Accounting Center) link to access the panel.
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- You see the Sweep Unmatched Cash panel.
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- Complete the options on the Sweep Unmatched Cash panel.
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- Click Submit.
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- Close the Sweep Unmatched Cash bottom tab to return to the Accounting Center.
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The following are the options for sweep unmatched cash information: ■
- Select Sweep Option (tag 2283). Indicates whether to sweep all activity or to sweep activity for a specific asset or cash account.
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- Options include:
– Single Security. Default. Sweeps unmatched cash for a specified asset.
– Cash Account. Sweeps unmatched cash for a specified cash account.
– All. Default. Sweeps unmatched cash for all securities and cash accounts.
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The following are the options for issue information: ■
- Xref Type (tag 1224). Specifies the cross reference security type, such as SEDOL, CUSIP, CMM, and so on.
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- Issue Name (tag 961). Specifies the name of the security.
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- Ticker (tag 13). Specifies the system of letters used to uniquely identify a security.
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- Xref Security ID (tag 1233). Specifies the cross reference security identifier.
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- Cash Account Name (tag 11696). Specifies the name of the cash account for the custodian for the bank settlement.
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- Cash Account Number (tag 11697). Specifies the account number of the cash account for the custodian for the bank settlement. This field appears if you see the Select Sweep Option field to a value of Cash Account.
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- Partition ID (tag 95). Specifies the entity partition code.
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