Bank Matching Rules
Match to Receipt rule creates a Bank Receipt for the stated Customer with the predefined Products along with Analysis codes and Tax Codes
To Create a Bank Receipt rule
- Import a bank statement with receipt amount or enter the bank statement manually.
- Click on Reconcile tab.
- Click on the drop-down button and Click Create a rule.
- On the Create a rule pop up Enter the Name for the rule
- Click active button if you wish the rule to search in Code field of Bank Statement
- Choose the operator from the picklist.
- Enter the Value, the system automatically prefills the description value.
- Repeat the same for Description & Amount
The matching rule only searches if there is active marked as true for the three fields. All the three fields can be marked as active or at least one.
- Choose the account.
- Choose the reference from the pick list, there are three options
- Rule Name: Bank receipt created by this rule will have the rule name in the reference.
- Bank Code: Bank receipt created by this rule will have the Code Value in the reference.
- Bank Description: Bank receipt created by this rule will have the Description Value in the reference.
- Choose the product.
- Choose the nominal code
- Choose the tax code.
- Add the analysis codes.
- Write any internal notes & Click Create
Editing a Match to Receipt ruleClick Bank Matching Rules under the Bank Tab
Choose the Bank Rule which needs to be edited.
| Active Check Box | Uncheck it if the rule needs to be deactivated. Only active rules create matching |
| Rule Name | Edit the Rule Name |
| Code Active Check box | Uncheck if not required |
| Code Value | Edit the Code Value |
| Description Active Check box | Uncheck if not required |
| Description Value | Edit the Description Value |
| Amount Active Check box | Uncheck if not required |
| Amount Value | Edit the Amount Value |
If there is a need to edit the Account, Product, Tax Code or Analysis codes we recommend deactivating the rule and create a new one.
Creating a Bank Payment Rule
Match to Payment rule creates a Bank Payment for the stated Supplier with the predefined Products along with Analysis codes and Tax Codes
To Create a Bank Payment rule
- Import a bank statement with payment amount or enter the bank statement manually.
- Click on Reconcile tab.
- Click on the drop-down button and Click Create a rule.
- On the Create a rule pop up Enter the Name for the rule
- Click active button if you wish the rule to search in Code field of Bank Statement
- Choose the operator from the picklist.
- Enter the Value, the system automatically prefills the description value.
- Repeat the same for Description & Amount
The matching rule only searches if there is active marked as true for the three fields. All the three fields can be marked as active or at least one.
- Choose the account.
- Choose the reference from the pick list, there are three options
- Rule Name: Bank payment created by this rule will have the rule name in the reference.
- Bank Code: Bank payment created by this rule will have the Code Value in the reference.
- Bank Description: Bank payment created by this rule will have the Description Value in the reference.
- Choose the product.
- Choose the nominal code
- Choose the tax code.
- Add the analysis codes.
- Write any internal notes & Click Create
Editing a Bank Payment Rule
Click Bank Matching Rules under the Bank Tab
Choose the Bank Rule which needs to be edited.
| Active Check Box | Uncheck it if the rule needs to be deactivated. Only active rules create matching |
| Rule Name | Edit the Rule Name |
| Code Active Check box | Uncheck if not required |
| Code Value | Edit the Code Value |
| Description Active Check box | Uncheck if not required |
| Description Value | Edit the Description Value |
| Amount Active Check box | Uncheck if not required |
| Amount Value | Edit the Amount Value |
If there is a need to edit the Account, Product, Tax Code or Analysis codes we recommend deactivating the rule and create a new one.
