Bank Reconciliation for AR to remove grouping of cheques by Deposit number. As not all cheques in a batch gets cleared at the same time.
by: AFON S. | over a year ago | Financial Management
Votes
15
Bank Reconciliation for AR to remove grouping of cheques by Deposit number
by: AFON S. | over a year ago | Financial Management
Comments
For each batch, need the option of Bank rec by batch or bank rec by individual receipt. The default value should be in AR setup. This want be an operationally simple way to allow direct deposits received in the bank to be entered in a single batch, while being able to show these deposits individually for the bank rec. We also need to retain the option of processing as at present, where the batch total is shown in the bank rec.
I think it would also be a good idea to provide the 'option' of grouping payments by batch. Thus 15 payments made as one payment on the bank statement can be cleared together.
or workaround maybe to let deposit number in entry level, instead of batch level