Home » Categories » Solutions by Business Process » Finance » Nominal and Cashbook

Automatic Bank Reconciliation - Automatically Accept Unique Suggested Matches

The reconciliation matching process has three levels of matching.

*Auto Reconcile – if the transaction date, description, and amount match between the downloaded bank statement and a Datafile bank transaction then the transactions are automatically matched for reconciliation.

*Suggested Reconcile – if the transaction amount and either the date or the description matches then the transactions are offered as a suggestion for reconciliation.

*Reconcile – manual matching, the user can select entries to match between the downloaded bank statement and the Datafile transactions. Users can match on a one-to-one, many-to-one, one-to-many or many-to-many basis. Provided that the totals match the user is allowed to reconcile.

A new parameter setting is now available so that if the transaction amount and either the date or the description matches andthere is only one possible match then these matches can be included within the auto reconciliation process.

Installation

Within the Cashbook System Profiles a new parameter is available Auto reconcile unique suggestions. If set, then unique suggested matches are automatically reconciled.

To update the System Profile parameter settings, select Installationfrom the main menu and Lock Out All Systems before selecting the System Profiles and the Cashbook application.



Custom Fields
  • Release ID: 7.5
Attachments Attachments
There are no attachments for this article.
Related Articles RSS Feed
Unpresented Listing for Currency Bank Accounts
Viewed 2011 times since Fri, Oct 26, 2012
Edit System Status Display - Cashbook
Viewed 1816 times since Thu, Jun 28, 2012
Security and User Manager - Nominal
Viewed 1904 times since Thu, Jun 28, 2012
Transaction Listing - Cashbook
Viewed 2136 times since Wed, Jun 27, 2012
Warn if Sales/Purchase Account On-Stop
Viewed 1948 times since Tue, Jun 12, 2012
Account Audit Trail, Account Audit Trail (Currency) - Nominal
Viewed 1980 times since Wed, Jun 27, 2012
Defining Financial Summaries - Nominal
Viewed 3287 times since Wed, Jun 27, 2012
Nominal Accounts File – Item Screen Design - Nominal
Viewed 1598 times since Wed, Jun 27, 2012
Receipt Posting – Advanced Search Options for Sales A/C’s
Viewed 1533 times since Wed, Jun 13, 2012
Provisional Journals - Nominal
Viewed 2131 times since Wed, Jun 27, 2012