bank reconciliation

3 Topics

Bank Reconciliation - one payment to multiple suppliers
Hi, We have a problem reconciling bank payments. We order directly from the suppliers. However, we make a monthly lump-sum payment for all our purchases from various suppliers to a 3rd party (online platform) that is connected to those suppliers and invoices us for those orders. Therefore, we create purchase orders to various suppliers but we only have one big payment in bank feeds. I know it's possible to match that payment to multiple bills from one supplier. However, how do we match that payment to multiple bills from multiple suppliers? Is this even possible? Or do we have to create all the bills for one supplier (the 3rd party) to be able to reconcile this? Thank you for your help, Iza
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ZevoAdmin
4 years ago Place AccountRight: Banking
999Views
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We have closed our financial year but have not reconciled our bank accounts and have multiple transactions that have not been entered what do i do?ave not been entered
CHRISTIES1
2 years ago Place AccountRight: Banking
180Views
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Bank Reconciliation Balance is incorrect
Hi, We have transactions from 14/07/2022. All of sudden, the monthly bank reconciliation is out of $179.64. So I undo the bank reconciliation to the begning of the system which is 31/07/2022 and balance must be 0 but it stills out of 179.64. Please find the attached file and advie us. Thank You. Jihwa Jung
JihwaJung
10 months ago Place AccountRight: Banking
156Views
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2Comments