Clear, reconcile, or void old Cash Management entries

Some states have requirements for processing unclaimed property. Check with your state and local government to verify how to process unclaimed funds.

Choose an option below to handle the outstanding items.

Create an entry in Cash Management

Enter an adjustment in Cash Management to reverse the original entry and reconcile both. Verify with your accountant about what accounts to use for the adjustment.

1. Enter an adjusting entry in Cash Management.
2. Reconcile the original entry and the adjustment. Use the same Cleared Date on the check and adjustment.

Create an entry in the original application

Make a correcting entry in the application of origin.

Accounts Payable

For Accounts Payable checks, determine if you’ll need to restore the invoice and issue a new check or not. Void the check using Specific Date. If you need a replacement check, print a new check.

Payroll

For Payroll checks, refer to the following articles to determine which is appropriate for your situation:

• What do I do with a payroll check that didn't clear the bank in Cash Management?
• Reissue a lost check issued in the current Payroll year.
• Reissue a lost or damaged payroll check.
• Void and reprint a Payroll check for the prior year or prior period without using Payroll.

Accounts Receivable

Void the cash receipt in Accounts Receivable.

Property Management

Void the cash receipt in Property Management.

How do I print an outstanding checks report in Cash Management?