Cancel Entitlements

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Last updated: Jul 13, 2023 by Nancy Cohn (Deactivated)
2 min read

In Eagle's Accounting solution, entitlements is a catch-all name for all non-transactions, including cash contributions, cash withdrawals, miscellaneous income and expenses. Canceling an entitlement cancels the original cash activity. If the activity was settled, the process also cancels the settlement. You can cancel a cash entitlement using the Cancel Entitlements panel. You can also use the Cancel Entitlements option to cancel previously booked spot transactions.

Cancel an Entitlement

To cancel a cash entitlement:

  1. In Accounting Center, in the left navigation pane, click Transactions > Cash > Entitlements > Cancel Entitlements. 
    You see the Cancel Entitlements panel. 

  2. Complete the options on the Cancel Entitlements panel.

  3. Click Submit.

Example - Cancel Entitlements

The following example shows data you enter in the Cancel Entitlements panel.


 

 The Cancel Entitlements panel has the same query parameters as the Cancel Cash Settlements panel. This example continues to use the 111.00 miscellaneous income entry, which for this example has been settled.

Select the cash entry and click Submit. As the result, both the cash settlement and the original miscellaneous income activity are cancelled. See the following Cash Journal report results.

According to the above Cash Journal (queried for settled cash), the settlement of the miscellaneous income item has been cancelled.

If the report is re-run for TRADED Cash, you see that the original miscellaneous income item has also been cancelled.

Cash Journal report rerun for traded cash