Overview
Upload the bank statement and then match it to existing transactions
Use examples of bank lines matched to journals to create templates > so the system suggests journals you have not yet created - and will create them for you
After reconciling a journal may be adjusted in value - in this case the reconciliation flag remains however the values are highlighted in yellow
A single line in the bank can be matched to multiple transactions in the system by putting all the related journals into a batch. This happens automatically for credit card related batches.
FX Bank Accounts and related transactions
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| title | Foreign Currency Bank Accounts |
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- If bank account is in foreign currency then bank statement amounts are assumed to be in that currency.
- Foreign currency amounts of journals shown and used in matching.
- Amounts at top of bank rec are all in foreign currency.
- Journals with no foreign currency amount are not shown.
- Foreign currency standing journals are not supported so bank rec rules cannot be created.
- Foreign currency debtor prompt payments and general journals (bank transfers) are not supported so they cannot be created from the bank rec.
- To create a transfer from a foreign currency bank account to any other account use the "Foreign Currency transfer" wizard
- A local currency journal cannot have a foreign currency bank account.
- A foreign currency bank account must be the same currency as the journal.
- A journal cannot have more than one foreign currency bank account.
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Note also > a local currency bank account can have a debtor payment from a foreign currency
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| title | Click here to expand and see ATTACHMENTS |
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