Cancel Offset Bank Settlements

If you use the Cash Matching workspace to offset a bank settlement in error, you can cancel an offset bank settlement to make that bank settlement available for matching. After you cancel an offset bank settlement, you can view the bank settlement in the Manual Matching tab of the Cash Matching workspace, and that bank settlement is also available for automated matching. 

HOW DOES SYSTEM IDENTIFY AN OFFSET BSR RECORD? HOW IS ACCOUNTING AFFECTED? WHAT OCCURS WHEN YOU SUBMIT?

DO YOU SELECT ANY BSR OR JUST CLICK RIBBON?

WHAT IS UPDATE DATE FIELD?

To cancel offset bank settlements:

1. In Accounting Center, in the left navigation pane, click Transactions > Cash > Cash Matching.
   You see the Cash Matching workspace. The Manual Matching tab is active by default.
2. Select the Matched & Suspended tab.
   You see STAR accounting settlements in the center grid.
3. On the Cash Matching tab, in the Actions group, click Cancel Offset Entry. 
   You see the Cancel Offset Entry panel. 
4. Specify the Begin Date and End Date values in the date range for the offset bank settlements you want to cancel.
   The dates identify the bank settlement's update date rather than their effective date. 
5. In the Query Filter list, select Yes if you want to narrow down offset bank settlements by additional criteria. Otherwise, select No. 
6. Complete the remaining options in the Cancel Offset Entry panel. 
7. Click Submit. 
   In the Show All tab, you see a list of offset bank settlements that met your criteria. 
8. Select the check box for each row for offset bank settlement you want to cancel so that a check mark appears, and click Cancel Offset Records.
9. In the Cancel Offset records tab, you see a row for each offset bank settlement you selected for cancellation. The fields describing the bank settlement are locked and are for informational purposes only. Notice that the Match Description field has a value of OFFSET.
10. Click Submit to cancel the selected rows.
    The offset bank settlements are now available for matching. During manual matching, you can view those bank settlements in the Manual Matching tab. 

Cancel Offset Entry Panel Options

In the Cash Matching workspace's Manual Matching tab, when you cancel offset bank settlements, you can select the following options.