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Managing CM Outstanding Entries

CM Outstanding Entries records miscellaneous cash transactions that do not originate from AP or Payroll—bank fees, stop-payment fees, and similar items. It is also used to load beginning outstanding checks and cash items at implementation.

Before you start​

  • Know the CM account and the offsetting GL account.
  • Decide the entry type: Adjustment, Check, or Deposit.

Steps​

  1. Open CM Outstanding Entries.
  2. Select the CM account.
  3. Choose the entry type.
  4. Enter date and CM reference (commonly the date as MMDDYY, for example 070725). Use a sequence suffix for multiple entries the same day.
  5. Enter the amount:
    • Adjustments: negative for cash out, positive for cash in.
    • Checks and deposits: enter amounts as positive.
  6. Enter a description.
  7. Select the GL account (F4).
  8. Save / process per your batch procedures.

Notes​

  • Type drives how amounts behave—do not treat adjustments like checks.
  • Hard recommendation — go-live outstanding load: Load every true outstanding item (checks, deposits, and adjustments still outstanding at the bank) before the first statement close so the first reconciliation starts clean.