Payment Reconciliation

Payment Reconciliation

Use Payment Reconciliation to match unlinked payments and invoices. This tool is useful when payments are received or made without directly referencing an invoice.

Steps:

1. Go to Accounting → Accounts Receivable or Accounts Payable and open Match Payments with Invoices.
2. Select the Company, Party Type and Party, and choose the Bank or Cash Account. Filter by date if necessary.
3. Click Get Unreconciled Entries. The system will show payments without invoices on one side and outstanding invoices on the other.
4. For each payment, enter the Invoice Number and Allocated Amount to link it to the correct invoice.
5. Click Reconcile. The system updates the invoices and payments accordingly.

After reconciliation, you can review the updated invoices and payment entries. This helps maintain accurate receivables and payables without leaving unmatched transactions.