Payment reconciliation
Money lands in the bank, invoices sit open, and someone spends the morning tying the two together. Here are incoming bank payments on one side and open invoices on the other. Run the reconciliation and watch the clean matches close themselves, the grouped cases line up, and only the genuine breaks get flagged for a person to look at.
The company, the payments and the ledger are all synthetic. No real customers, no real amounts.
Incoming payments
9 credits on the bank statement, total 10,85,500
Open invoices
8 invoices outstanding in the ledger
Payments
9
10,85,500 total
Auto matched
·
one to one
Grouped matches
·
one to many, many to one
Exceptions
·
need a human
Value reconciled
·
vs in exception