Post Cash Adjustments for Bank Settlements

When you perform cash matching, if no open receivable/payable is available to settle a bank settlement, you can post a cash adjustment to create an open receivable/payable for cash. For example, you can receive a bank settlement related to a corporate action for a security you no longer hold, and have no open receivable/payable available for matching.

To post cash adjustments for 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 Manual Matching tab,.

3. Search for the bank settlement or open receivable/payable for which you want to create a cash adjustment.

4. Select the check box of the bank settlement or open receivable/payable.

5. On the Cash Matching tab, in the Actions group, click Post Cash Adjustments, and then select one of the following options:
   –  Post Miscellaneous Income/Expense, Lot Specific
   –  Post Miscellaneous Expense
   –  Post Miscellaneous Expense, Asset Specific
   –  Post Miscellaneous Income
   –  Post Miscellaneous Income, Asset Specific
   –  Miscellaneous Income Adjustment - Class Specific
   –  Miscellaneous Expense Adjustment - Class Specific
   –  Allocate Miscellaneous Income Across Lots
   You see the panel for the selected miscellaneous income/expense option. The system uses the selected bank settlement or open receivable/payable to fill in as many values as possible on this panel, such as security information and bank account information.

6. Ensure that the Settle Trade Indicator field has a value of No.
   You do not want the Eagle system to automatically process the cash settlement if you intend to match a bank settlement to the open receivable/payable you are creating.

7. Complete the remaining options on the miscellaneous income/expense panel.

8. Click Submit.
   You see a newly created open receivable/payable for the cash adjustment in the Manual Matching tab. You can now match the bank settlement to the open receivable/payable.