Reopening stale dated transactions

Use this procedure to create journal entries from the stale date suspense account to the cash account for transactions that were changed from a stale date status back to an open status.

Complete these steps to reopen stale dated transaction:

  1. Access Bank Transaction Adjustment (CB80.1).
  2. Locate your stale dated transaction and change the status from Stale Dated to Open.
  3. Access Stale Dating Reopen Update (CB187).
  4. Specify the job name and job description for your reopened transaction. Use these guidelines to specify the field values:
    Cash Code

    Select a valid cash code, which represents a bank account.

    Cash Code Group

    Select a cash code group, if one exists. A cash code group represents one or more cash codes. You create cash code groups on Cash Code Group (CB11.1).

    Cash Code List

    Select a cash code attribute list, if you use Attribute Matrix application.

    A cash code list is an optional parameter that you can use to run reports for one or more cash codes that have been linked by common attributes defined by the list.

    Transaction Code

    Use this code to run the report for a certain transaction code.

    Process Level

    Use this field to limit the report to update only the entered process level.

    Update

    Select whether transactions are posted to the General Ledger. If you select No, then only a listing is created.

    Posting Date

    Specify a post through date. Transaction distributions with post dates on or before the post through date that you define are selected for posting to the General Ledger.

  5. Click Submit to change the status of the specified transaction from Stale Date to Open.

    The journal entry debits the stale date account that is attached to the record. The reopened amount for the cash code is added to the open balance.