Processing escheatment accounts

Use this procedure to mark stale dated transactions as escheated and create journal entries from the stale date suspense account to the escheatment account.

  1. Access Stale Dating Processing (CB186).
  2. Specify applicable information on the Main tab. See Processing stale date accounts.
  3. Access the Escheatment Options tab. Use these guidelines to specify the field values:
    Escheatment Date

    This is the as-of date that the report will be run for and the date posted to the Recon-Date field on the record in the CBTRANS file. If this is left blank, then the system date is used as default.

    Days

    Use this field to determine what transactions to escheat. Any transactions with the entered number of days past their issue date and in a status of 5=Stale Dated is flagged as escheated.

    This field is required.

    State

    Use this field to enter a State (for example, Minnesota) to further limit the records to be escheated to those with vendors in the specified state.

    Posting Date

    The posting date that you specified is used as the posting date for the journal entries that you created. If this field is left blank, then the system date is used.

Related reports and inquiries

Action Process
List stale dated and escheated records Use Stale Dating and Escheatment Report (CB286)