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.
Stripe Payout
When reconciling donations with a Stripe Payout as the payment method, ensure that the Amount field value in each Bank Statement Line matches the Payment Amount field value in each Gateway Settlement, and that the Date field value in each Bank Statement Line matches the Reconciliation Date field value in each Gateway Settlement.
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When reconciling Bank Statement Line records via the Automatic Reconciliation button on the Bank Statement record, the Bank Statement Line records under the Bank Statement record will be reconciled
Each Bank Statement Line record will be matched to a Gateway Settlement record where:
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,
The Gateway Settlement 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.
Stripe Payout
When reconciling donations with a Stripe Payout as the payment method, ensure that the Amount field value in each Bank Statement Line matches the Payment Amount field value in each Gateway Settlement, and that the Date field value in each Bank Statement Line matches the Reconciliation Date field value in each Gateway Settlement.
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Once a matched Gateway Settlement record is found,
The Gateway Settlement record is updated where:
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.
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All of the Gateway Transaction records linked to the Gateway Settlement record are updated where:
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.
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If the Gateway Transaction record has Gift Transaction, the Gateway Transaction’s Gift Transaction record is updated where:
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.
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If the Gateway Transaction record has Gift Refund, the Gateway Transaction’s Gift Refund record is updated where:
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.
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The Bank Statement Line record is updated where:
Reconciliation Status = Reconciled
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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 Gateway Settlement record are updated where:
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The Bank Statement Line is populated with the Bank Statement Record.
Bank Statement record have a Reconciliation Status of Reconciled or Excluded, the Bank Statement Status is updated to
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Settlement Date displays the Settlement Date of the Bank Statement Line
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Receiving Bank Account displays the Bank Account linked to the Bank Statement Line in the Bank Statement.
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If the Gateway Transaction record has Gift Transaction, the Gateway Transaction’s Gift Transaction record is updated where:
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.
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If the Gateway Transaction record has Gift Refund, the Gateway Transaction’s Gift Refund record is updated where:Reconciled, the Date Reconciled field is populated with the current date, and a PosiPay Log is created.
Bank Statement
PosiPay Log
Bank Deposit Batch
Combined Cash and Check (Cheque) in Bank Statement Line
In reconciling Bank Statement Lines for both Cash and Check payment methods, ensure that each Bank Statement Line’s Amount value matches each Bank Deposit Batch’s Total Transaction Amount value.
To reconcile automatically just click the Automatic Reconciliation in Bank Statement.
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When the Bank Statement Line is reconciled, each Bank Statement Line record will be matched to a Bank Deposit Batch record, the Bank Deposit Batch’s Total Transaction Amount should have the same value as the Bank Statement Line’s Amount.
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Once a matched Bank Deposit Batch record is found the following records are updated.
Gift Transaction
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.
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The Bank Statement Line record is updated where:
Reconciliation Status = Reconciled
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After the reconciliation process of Bank Deposit Batch
The Bank Statement Line
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is
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populated with the
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>>>>> 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 record.
The Bank Reconciliation Status is updated to Reconciled.
Settlement Date populated with the Bank Statement Line’s Settlement Date.
Receiving Bank Account displays the Bank Account linked to the Bank Statement Line in the Bank Statement.
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Bank Statement Line
The Bank Statement Line Reconciliation Status is Reconciled.
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After the reconciliation process of Bank Statement Line records, a PosiPay Log is created with the following details.
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The Bank Statement Line records linked to the Bank Statement record have a Reconciliation Status
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>>>>> Insert SS
Donation with Cash and Check Payment Method Combination
In reconciling Bank Statement Lines for both Cash and Check payment methods, ensure that each Bank Statement Line’s Amount value matches each Bank Deposit Batch’s Total Transaction Amount value.
To reconcile automatically just click the Automatic Reconciliation in Bank Statement.
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When the Bank Statement Line is reconciled, each Bank Statement Line record will be matched to a Bank Deposit Batch record, the Bank Deposit Batch’s Total Transaction Amount should have the same value as the Bank Statement Line’s Amount.
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as Reconciled OR Excluded and a PosiPay Log is also created.
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Cash Lump Sum in Bank Statement Line
Please remember the following: “Multiple Bank Deposit Batch records are created with only Gift Transaction records where the Payment Method is Cash. Create a Bank Statement and generate Bank Statement Line records under the Bank Statement. Ensure that the Amount field value of each Bank Statement Line matches the Total Transaction Amount field value of each Bank Deposit Batch.”
When reconciling Bank Statements Line records via the Automatic Reconciliation button on the Bank Statement record, the Bank Statement Line records under the Bank Statement record will be reconciled and will be matched with to Bank Deposit Batch where:
Bank Deposit Batch’s Total Transaction Amount matched with Bank Statement Line’s Amount.
Once a matched Bank Deposit Batch record is found the following records are updated. matched the Gift Transaction
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.
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Bank Deposit Batch and Bank Deposit Batch records are updated and the Batch Statement Line Reconciliation Status is updated to Reconciled.
The Bank Statement Line is populated with equivalent to the Bank Statement Line record.
The Bank Reconciliation Status is updated to Reconciled.
Settlement Date displays the Settlement Date populated with of the Bank Statement Line’s Settlement DateLine.
Receiving Bank Account displays the Bank Account linked to the Bank Statement Line in the Bank Statement.
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Gift Transaction
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Bank Statement Line
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Deposit Batch
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Bank Statement Line
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After the reconciliation process of Bank Statement Line records, a PosiPay Log is created with the following details.
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Check (Cheque) Lumped together in Bank Statement Line
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Cash lumped together
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To proceed in Bank Reconciliation make sure that multiple Bank Deposit Batch has been created where the Payment Method is CashCheck. Create a Bank Statement and generatecreate Bank Statement LineLines records under the this record you’ve just created. Make sure that each Bank Statement . Ensure that the Line’s Amount field value of matches each Bank Statement Line matches the Deposit Batch’s Total Transaction Amount field value of each Bank Deposit Batch. ”When reconciling Bank Statements Line records via the Automatic Reconciliation button on
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When reconciling the Bank Statement record, the Bank Statement Line records under the Bank Statement record will be reconciled and will be matched with to Line, its record is reconciled and each record matched the Bank Deposit Batch record where:
Bank Deposit Batch’s Total Transaction Amount matched with is equal to the Bank Statement Line’s Amount.
Once a matched Bank Deposit Batch is matched Bank Deposit Batch record is found, all of the Gift Transactions and the Bank Deposit Batch records are updated. The following fields for the Gift Transaction and Bank Deposit Batch records are updated and the Batch Statement Line Reconciliation Status is updated to Reconciled.
The Bank Statement Line is equivalent to the Bank Statement Line record.
The Bank Reconciliation Status is updated to Reconciled.
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.
Gift Transaction
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Bank Deposit Batch
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Bank Statement Line
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After the reconciliation process of Bank Statement Line records, have been updated.
The Bank Statement Line is equivalent to the Bank Statement Line record.
The Bank Reconciliation Status is updated to Reconciled.
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.
Gift Transaction
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Bank Deposit Batch
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The Bank Statement Line Reconciliation Status is also updated to Reconciled.
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After the reconciliation process of Bank Statement Line records, a PosiPay Log is created with the following details:
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If all Bank Statement Line records linked to the Bank Statement record have a Reconciliation Status of Reconciled or Excluded, the Bank Statement is updated to Reconciled, and a PosiPay Log is created.
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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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Check Lumped together
Cash Lump Sum in Mixed Transaction
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 Transaction Amount field value.
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When reconciling the Bank Statement Line, its record is reconciled and each record matched the Bank Deposit Batch record where:
Ensure that each Bank Statement Line’s Amount field value matches each Bank Deposit Batch’s Total
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Cash Amount field value.
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Once a matched Bank Deposit Batch record is found, all of the Gift Transactions and the Bank Deposit Batch records are updated. The following fields for the Gift Transaction and Bank Deposit Batch have been found, all of the Gift Transaction with Cash as Payment Method linked to it are updated.
The Bank Statement Line value is equivalent to the Bank Statement Linerecord.
The Bank Reconciliation Status is updated to Reconciled.
The Settlement Date displays the Settlement Date of same date as the Bank Statement LineLine’s Settlement Date.
The Receiving Bank Account displays the same Bank Account linked to the Bank Statement Line in the Bank Statement.
Gift Transaction
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Bank Deposit Batch
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The Bank Statement Line Reconciliation Status is also updated to Reconciled.
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After the reconciliation process of Bank Statement Line records, a PosiPay Log is created with the following details:
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If all Bank Statement Line records linked to the Bank Statement record have a Reconciliation Status of Reconciled or Excluded, the Bank Statement is updated to Reconciled, and a PosiPay Log is created.
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The Bank Reconciliation Status in the Bank Deposit Batch will not be updated to Reconciled since only Gift Transactions with Cash as a Payment method have been reconciled.
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Since the Bank Deposit Batch Reconciliation Status has not been updated to Reconciled then the Bank Statement Line Reconciliation Status is Unreconciled.
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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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After the reconciliation process of Bank Statement Line records, a PosiPay Log is created with the following details:
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Check (Cheque) Lump Sum in Mixed Transaction
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. Ensure Make sure that each Bank Statement Line’s Amount field value matches each the Bank Deposit Batch’s Total Cash Check Amount field value.
>> INSERT SS 1:10
Once a matched Bank Deposit Batch record is found, all of the Gift Transaction with Cash as Payment Method linked to it are 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 1:10
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When reconciling the Bank Statement Line, its record is reconciled and each record matched the Bank Deposit Batch record where:
Bank Deposit Batch’s Total Check Amount is equal to the Bank Statement Line’s Amount.
Once a matched Bank Deposit Batch record is found, all of the Gift Transactions with Check as Payment Method linked to them are 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:
>> 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“
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The Bank Reconciliation Status in the Bank Deposit Batch will not be updated to Reconciled since only Gift Transactions with Check as a Payment method have been reconciled.
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Since the Bank Deposit Batch Reconciliation Status has not been updated to Reconciled then the Bank Statement Line Reconciliation Status is Unreconciled.
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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.
Check lump sum in mixed transaction
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:
Bank Deposit Batch’s Total Check Amount is equal to the Bank Statement Line’s Amount.
Once a matched Bank Deposit Batch record is found, all of the Gift Transaction with Check as Payment Method linked to it are 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.
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 , the Bank Statement will not be reconciled and a PosiPay Log is created.
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After the reconciliation process of Bank Statement Line records, a PosiPay Log is created with the following details:
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Individual Check (Cheque) Bank Statement Line
To proceed in Bank Reconciliation make sure that multiple Gift Transaction records that have been created have Check as the Payment Method and the Payment Identifier check number, and should be linked to Bank Deposit Batch.
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 Transaction Reference field value matches each Gift Transaction’s Payment Identifier field value.
When reconciling the Bank Statement Line, its record is reconciled and each record matched to Gift Transaction.
When reconciling Bank Statement Line records via the Automatic Reconciliation button on the Bank Statement records will be matched to a Gift Transaction where:
The Gift Transaction Payment Identifier has a value equivalent to the Bank Statement Line’s Transaction Reference, otherwise, Gift Transaction’s Payment Identifier contains Bank Statement Line’s Transaction Reference.
Once a matched Gift Transaction record is found, the Gift transaction 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
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Bank Account linked to the Bank Statement Line
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in the Bank Statement.
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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 On the Gift Transaction’s Bank Deposit Batch record, if all of the Gift Transaction records linked to the Bank StatementDeposit Batch record has have a Bank Reconciliation Status is of Reconciledor Excluded, the Bank Statement Deposit Batch is updated and a PosiPay Log is created.
>> INSERT SS “Bank Statement“
>> INSERT SS “ PosiPay Log“
If one of the .
The Bank Statement Line
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Individual check
To proceed in Bank Reconciliation make sure that multiple Gift Transaction records that have been created have Check as the Payment Method and the Payment Identifier check number, and should be linked to Bank Deposit Batch.
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 Transaction Reference field value matches each Gift Transaction’s Payment Identifier field value.
When reconciling the Bank Statement Line, its record is reconciled and each record matched to Gift Transaction
When reconciling Bank Statement Line records via the Automatic Reconciliation button on the Bank Statement records will be matched to a Gift Transaction where:
The Gift Transaction Payment Identifier has a value equivalent to the Bank Statement Line’s Transaction Reference, otherwise, Gift Transaction’s Payment Identifier contains Bank Statement Line’s Transaction Reference.
Once a matched Gift Transaction record is found, the Gift transaction 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.
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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.
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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.
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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.
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Direct Deposit
To proceed with Bank Reconciliation, make sure that each Bank Statement Line’s Transaction Reference field value matches each Gift Transaction’s Payment Identifier field value
When reconciling Bank Statement Line records via the Automatic Reconciliation button on the Bank Statement record,
The Bank Statement Line records under the Bank Statement record will be reconciled
Each Bank Statement Line record will be matched to a Gift Transaction record where:
Gift Transaction’s Payment Identifier = Bank Statement Line’s Transaction Reference
Otherwise, Gift Transaction’s Payment Identifier CONTAINS Bank Statement Line’s Transaction Reference
Once a matched Gift Transaction record is found,
The Gift Transaction record is updated where:
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.
The Bank Statement Line Reconciliation Status is updated to Reconciled.
After the reconciliation process,
A PosiPay Log record is created with the following details:
If all of the Bank
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Statement Line records linked to the Bank Statement record has a Reconciliation Status
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= Reconciled OR Excluded,
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the Bank Statement
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record is updated where:
Status is
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set to Reconciled
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>> INSERT SS
After the reconciliation process of Bank Statement Line records, a PosiPay Log is created with the following details:
>> INSERT SS
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Date Reconciled populated with the date when the reconciliation process has been done.
A PosiPay Log record is created where:
If one or more Bank Statement Line records linked to the Bank Statement record has
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a
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>> INSERT SS “Bank Statement“
>> INSERT SS “ PosiPay Log“
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Reconciliation Status is not Reconciled
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OR Excluded, the Bank Statement record will
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NOT be reconciled
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.
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