...
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:
In Accounting Center, in the left navigation pane, click Transactions > Cash > Cash Matching > Run Unmatched Cash Sweep.
You see the Run Unmatched Cash Sweep panel.Complete the options on the Run Unmatched Cash Sweep panel.
Click Submit.
Run Unmatched Cash Sweep Panel Options
In the Run Unmatched Cash Sweep panel, when you sweep unmatched cash, you can select various options based on the requirements of your business. Note options may vary according to your selections.
Option | Tag | Description |
|---|---|---|
Sweep Unmatched Cash | ||
Select Sweep Option | 2283 | Indicates whether to sweep all activity or to sweep activity for a specific asset or cash account.
|
Issue Information | ||
Xref Type | 1224 | Specifies the cross reference security type, such as SEDOL, CUSIP, CMM, and so on. |
Issue Name | 961 | Specifies the name of the security. |
Ticker | 13 | Specifies the system of letters used to uniquely identify a security. |
Xref Security ID | 1233 | Specifies the cross reference security identifier. |
Cash Account Name | 11696 | Specifies the name of the cash account for the custodian for the bank settlement. |
Cash Account Number | 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. |
Partition ID | 95 | Specifies the entity partition code. |