This functionality enables automatic reconciliation of the bank statement line by simply clicking the “Automatic Reconciliation” button in the Bank Statement record. You can only reconcile the bank statement if its status is Unreconciled.
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Gateway Settlement’s Reconciliation Date (date) = Bank Statement Line’s Settlement Date
Gateway Settlement’s Payout Amount = Bank Statement Line’s Amount
>>>>> Insert SS
Once a matched Gateway Settlement record is found,
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The Bank Statement Line is populated with the Bank Statement Record.
The Bank Reconciliation Status is updated to Reconcile.
Settlement Date displays the Settlement Date of the Bank Statement Line
Receiving Bank Account displays the Bank Account linked to the Bank Statement Line in the Bank Statement.
>>>>> Insert SS
The Bank Statement Line record is updated where:
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After the reconciliation process of Bank Statement Line records, a PosiPay Log is created with the following details:
>>>>> Insert SS
If all of the Bank Statement Line records linked to the Bank Statement record has a Reconciliation Status of Reconciled OR Excluded, the Bank Statement is updated and a PosiPay Log is created.
Bank Statement
Status is updated to Reconciled
Date Reconciled populated to current date.
>>>>> Insert SS
PosiPay Log
>>>>> Insert SS
If one or more Bank Statement Line records linked to the Bank Statement record have a Reconciliation Status that is not set to Reconciled or Excluded, the Bank Statement record will not be reconciled.
>>>>> Insert SS
Donation with Cash and Check Payment Method Combination
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The Bank Statement Line value is equivalent to the Bank Statement record.
The Bank Reconciliation Status is updated to Reconciled.
The Settlement Date displays the same date as the Bank Statement Line’s Settlement Date.
The Receiving Bank Account displays the same Bank Account linked to the Bank Statement Line in the Bank Statement.
>> INSERT SS 1:10
If all of the Gift Transaction records linked to the Bank Deposit Batch record have a Bank Reconciliation Status of Reconciled, the Bank Deposit Batch record is updated.
The Bank Statement Line value is equivalent to the Bank Statement record.
The Bank Reconciliation Status is updated to Reconciled.
The Settlement Date displays the same date as the Bank Statement Line’s Settlement Date.
The Receiving Bank Account displays the same Bank Account linked to the Bank Statement Line in the Bank Statement.
>> INSERT SS
If the Bank Deposit Batch’s Bank Reconciliation Status is Reconciled, then the Bank Statement Line Reconciliation Status is updated to Reconciled.
>> INSERT SS
After the reconciliation process of Bank Statement Line records, a PosiPay Log is created with the following details:
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If all of the Bank Statement Line records linked to the Bank Statement record has a Reconciliation Status is Reconciled or Excluded, the Bank Statement is updated and a PosiPay Log is created.
>> INSERT SS “Bank Statement“
>> INSERT SS “ PosiPay Log“
If one of the Bank Statement Line Reconciliation Status is not Reconciled or Excluded, the Bank Statement will not be reconciled and a PosiPay Log is created.
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To proceed in Bank Reconciliation make sure that multiple Bank Deposit Batch has been created where the Payment Method is Cash and Check. Create a Bank Statement and create Bank Statement Lines records under this record you’ve just created. Make sure that each Bank Statement Line’s Amount field value matches each Bank Deposit Batch’s Total Check Amount field value.
>> INSERT SS
When reconciling the Bank Statement Line, its record is reconciled and each record matched the Bank Deposit Batch record where:
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The Bank Statement Line value is equivalent to the Bank Statement record.
The Bank Reconciliation Status is updated to Reconciled.
The Settlement Date displays the same date as the Bank Statement Line’s Settlement Date.
The Receiving Bank Account displays the same Bank Account linked to the Bank Statement Line in the Bank Statement.
>> INSERT SS
If the Bank Deposit Batch’s Bank Reconciliation Status is Reconciled, then the Bank Statement Line Reconciliation Status is updated to Reconciled.
>> INSERT SS
After the reconciliation process of Bank Statement Line records, a PosiPay Log is created with the following details:
>> INSERT SS
If all of the Bank Statement Line records linked to the Bank Statement record has a Reconciliation Status is Reconciled or Excluded, the Bank Statement is updated and a PosiPay Log is created.
>> INSERT SS “Bank Statement“
>> INSERT SS “ PosiPay Log“
If one of the Bank Statement Line Reconciliation Status is not Reconciled or Excluded, the Bank Statement will not be reconciled and a PosiPay Log is created.
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If the Bank Deposit Batch’s Bank Reconciliation Status is Reconciled, then the Bank Statement Line Reconciliation Status is updated to Reconciled.
>> INSERT SS
After the reconciliation process of Bank Statement Line records, a PosiPay Log is created with the following details:
>> INSERT SS
If all of the Bank Statement Line records linked to the Bank Statement record has a Reconciliation Status is Reconciled or Excluded, the Bank Statement is updated and a PosiPay Log is created.
>> INSERT SS “Bank Statement“
>> INSERT SS “ PosiPay Log“
If one of the Bank Statement Line Reconciliation Status is not Reconciled or Excluded, the Bank Statement will not be reconciled and a PosiPay Log is created.