This article helps to understand what the Fit to Date function is and how to match them when they appear in the Match Transaction Screen. This function allows you to match a SuperStream business event with the same date as a cash transaction.
Only one cash transaction can be matched with one SuperStream business event.
You select the cash transaction and the related SuperStream business event, and click on button, if:
- SuperStream business event and the cash transaction are in the same financial year, the message will be displayed as below. You will be able to select either Yes, Fit to Date or No, Match As Is.
- SuperStream business event and the cash transaction are in the different financial years, the message will be displayed as below. You will need to consider if you want to continue to override the event date by select Yes, Fit to Date or if you do not want to override the event date select No, Match As Is.
If you have already closed the relevant financial year, you will need to reopen it and roll back both the period update and tax finalisation before you can match these transactions
It is advisable to only employ this feature in the context of winding up scenarios, or where the cash transaction date and the rollover business event date fall within close proximity in the same financial year.
Audit Trail
Once you click the Fit to Date button, the business event will automatically adjust the date and this matched event will be stated as “SuperStream_Integration - Modified by Fit to Date“.
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What's Next?
Learn how to process a Custom Holding Account Transactions