Skip to end of metadata
Go to start of metadata

You are viewing an old version of this page. View the current version.

Compare with Current View Page History

« Previous Version 6 Next »

In the Run Unmatched Cash Sweep 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. 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.
  2. Complete the options on the Run Unmatched Cash Sweep panel.
  3. 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.

OptionTagDescription

Sweep Unmatched Cash



Select Sweep Option2283Indicates whether to sweep all activity or to sweep activity for a specific asset or cash account.
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.

Issue Information



Xref Type1224Specifies the cross reference security type, such as SEDOL, CUSIP, CMM, and so on.
Issue Name961Specifies the name of the security.
Ticker13Specifies the system of letters used to uniquely identify a security.
Xref Security ID1233Specifies the cross reference security identifier.
Cash Account Name11696Specifies the name of the cash account for the custodian for the bank settlement.
Cash Account Number11697Specifies 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 ID95Specifies the entity partition code.
  • No labels