In Eagle's Accounting solution, Contract Cash is an event that can be scheduled to run to settle transactions for which the settlement date is less than or equal to the current/system date. Contract Cash is run for all currencies for which an entity has unsettled activity.
You can configure Contract Cash rules to do the following:
■ Include or exclude classifications of cash, such as principal or income.
■ Include or exclude certain events, such as maturities or corporate actions.
■ Exclude certain currencies.
The Contract Cash event is typically set up to run throughout the day so that cash activity processed during the day is settled. You can also run the Contract Cash event manually using the Global Process Center.
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