#4485 Payment reconciliations

R2.6.0
closed
sboda
5
2007-06-25
2007-06-13
matiasfifa
No

I would like to know if someone could provide me some support with the
payment-bank statement reconciliation process.

I'm working with release 2.6a.

I create and post a vendor invoice.
Then I create and prepare a payment (in the payment selection window) for
this invoice.
After this, I export the payment (is this compulsory?).
Finally, I create and post a bank statement for this payment (in the bank
statement window).
However, after posting it, I check the accounting entry that were generated
and find out the Bank Asset (which seems to be fine) and Bank In Transit
accounts were used.
My doubt is, what else shall I do to move the amount from the Bank In
Transit account to the vendor Liability account?

Many thanks in advance.

Discussion

  • Kathy Pink

    Kathy Pink - 2007-06-18
    • assigned_to: kmpink --> sboda
     
  • sboda

    sboda - 2007-06-18
    • status: open --> pending
     
  • sboda

    sboda - 2007-06-18

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    Hi,

    After export the payment
    Go to payment window (Open Items>payment), then post the payment and check the accounting entries you can able to see the liability account.

    Thanks,
    Sabitha

     
  • sboda

    sboda - 2007-06-18

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    *** Status set to PENDING *** If the issue solved, please CLOSE
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  • ADAXA

    ADAXA - 2007-06-18

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    Hi Matiasfifa,
    a little more information in case it helps.

    ...AP Payment
    debit Payment Selection
    credit Bank-in-transit

    ...Payment Allocation
    debit Trade Creditors
    credit Payment Selection

    ...Bank Statement
    debit Bank-in-transit
    credit Bank

    In Gardenworld you can see the postings by clicking on the posted button and in the third tab in Payment called Allocations you can zoom to the Allocation and see its postings.

    regards..

     
  • matiasfifa

    matiasfifa - 2007-06-25
    • status: pending --> closed
     

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