Clear Checks/EFTs
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Modified on: Wed, 6 Oct, 2021 at 1:18 PM
What This Process Does
- Credits cash and debits accounts payable, creating balance sheet activity in Financial Management
- Sets Cleared flag in vouchers to true.
- Fiscal Year and month correspond to the Check/Electronic Date.
Clear Checks
- Procurement → Vendor Payments → Final Tab → Clear Checks/EFTs
- Show Voucher Detail – Set to true for information on each voucher. False for account totals only.
- Range as necessary and click Select.
- Review the report. (Report is automatically archived).
- Click Cancel and Set Flags if report is correct. Do not set flags if corrections are required.
Helpful Tips
- Once cleared, vouchers will no longer be included in the Set Check/Electronic Numbers process.
- If using the Clearing Fund feature, this report will also reflect debits and credits for the applicable due to and due from codes.
- For vouchers to select, they must be verified, have a check/electronic number, and not be a voided check.
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