...
Unmatched settlement records are released into accounting when you sweep unmatched cash. STAR processes the unmatched settlement record into a default portfolio of the cash account. The record remains in an unmatched status for the Cash Matching workspace to settle, but is allocated to suspense in STAR accounting. If a subsequent automated or manual match applies the suspense to the intended open transaction, the original suspense cash in the default portfolio is cancelled in accounting.
| Highlight |
|---|
WRITERS NOTE: updated for 2017 to remove term Cash Matching module? Removed Cash Matching module access procedures, because it no longer exists. Rewrite as needed. |
With the Cash Matching workspace, you can:
Search for unmatched cash or settled cash activity.
Fully or partially match bank settlements with open receivables/payables.
Settle the remaining balance of an open receivable/payable without matching it.
Add a bank settlement if no bank settlement was provided to settle an open receivable/payable.
Add comments to bank settlements and assign them to others.
Change a bank settlement if the bank settlement was not matched and you plan to process it.
Invalidate a bank settlement so that it is ineligible for cash matching.
Identify bank settlements as offsets and cancel offset entries
Unmatch bank settlements to reverse the match and cancel the associated STAR accounting activity.
Process an offset bank settlement which provides an opposing cash flow for a matched bank settlement with incorrect information.
Post cash adjustments for bank settlements to create an open receivable/payable for cash.
View SMF Details for unmatched cash and settled cash.
View position details for unmatched cash and settled cash.