The Cash Matching module (CMM) workspace allows you to perform manual cash matching where you identify which bank settlements settle which accounting transactions. Cash matching matches inbound cash settlements at the omnibus level to individual cash activity across accounting entities and allocates settlements back down to the entities. This manual, or forced, match generates the same STAR settle cash events that the automated match does.
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 module 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.
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WRITERS NOTE: update for 2017 to remove term Cash Matching module. Access from Accounting Center. new tabs, new workspace, etc. |
With the Cash Matching moduleworkspace, 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
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To access the Cash Matching module:
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