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Escheated Payments should be Excluded from Cash in Transit Report

edited Dec 9, 2024 1:12PM in Payables, Payments & Cash Management 5 comments

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Cottage Health

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The 24B release introduced functionality to classify payments as Escheated. However, the Escheated payments never drop off of the Cash in Transit report. Once the payments are Escheated, a journal entry is created to DR Cash or Cash Clearing similar to a Void. At this point the Escheated payments should no longer be considered outstanding and should drop off of the Cash in Transit report. Current functionality will keep the Escheated payments on the CIT report forever.

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