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.
>>>>> Insert SS
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 record is updated where:
Bank Statement Line = equivalent Bank Statement Line record
Bank Reconciliation Status = Reconciled
Settlement Date = Bank Statement Line’s Settlement Date
Receiving Bank Account = equivalent Bank Statement Line → Bank Statement → Bank Account
>>>>> Insert SS
All of the Gateway Transaction records linked to the Gateway Settlement record are updated where:
Bank Statement Line = equivalent Bank Statement Line record
Bank Reconciliation Status = Reconciled
Settlement Date = Bank Statement Line’s Settlement Date
Receiving Bank Account = equivalent Bank Statement Line → Bank Statement → Bank Account
>>>>> Insert SS
If the Gateway Transaction record has Gift Transaction, the Gateway Transaction’s Gift Transaction record is updated where:
Bank Statement Line = equivalent Bank Statement Line record
Bank Reconciliation Status = Reconciled
Settlement Date = Bank Statement Line’s Settlement Date
Receiving Bank Account = equivalent Bank Statement Line → Bank Statement → Bank Account
>>>>> Insert SS
If the Gateway Transaction record has Gift Refund, the Gateway Transaction’s Gift Refund record is updated where:
Bank Statement Line = equivalent Bank Statement Line record
Bank Reconciliation Status = Reconciled
Settlement Date = Bank Statement Line’s Settlement Date
Refunding Bank Account = equivalent Bank Statement Line → Bank Statement → Bank Account
>>>>> Insert SS
The Bank Statement Line record is updated where:
Reconciliation Status = Reconciled
>>>>> Insert SS
Once the reconciliation process is done a PosiPay log is created where,
Source = Bank Reconciliation
Details = Here is the list of Bank Statement Line records under the Bank Statement + (<Bank Statement record ID>) + record that have been reconciled: + <Bank Statement Line record IDs where Reconciliation Status = Reconciled> +.
Type = Information
If all of the Bank Statement Line records linked to the Bank Statement record has a Reconciliation Status = Reconciled OR Excluded,
The Bank Statement record is updated where:
Status = Reconciled
Date Reconciled = date today
A PosiPay Log record is created where:
Source = Bank Reconciliation
Details = The Bank Statement + (<Bank Statement record ID>) + record has been reconciled.
Type = Information
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