Payment Reconciliation (Reconcile Payments)

Payment Reconciliation Batch Processing allows authorized users to create payment reconciliation batches. On the Payment Reconciliation page, authorized users can reconcile payments.

There are two ways to access the Payment Reconciliation page where you can reconcile payments.

Option 1

Go to Financial Management > Payment Processing > Payment Reconciliation Batches. The Payment Reconciliation Batch List page opens. Select a bank account in the list to highlight it and click Reconcile Payments.

Option 2

Go to Financial Management > Payment Processing > Payment Reconciliation Batches. Click New to create a new batch or click the Bank Account hyperlink to edit an existing payment reconciliation batch. The Payment Reconciliation Batch Entry page opens. On the Payment Reconciliation Batch Entry page, click Reconcile Payments at the bottom of the page.

The payments listed in the grid are those that meet the Search Criteria entered, which you can change as needed to display the payments you want to view.

Reconcile Payments

To reconcile payments, select a check box next to the payments in the list. Use the Next button in the bottom right of the list to navigate to additional pages. After you select all of the payments you want to reconcile, click Accept. The amounts in the Selected for Reconciliation Summary section are updated to reflect the payments selected.

To clear the selected check boxes prior to accepting them, click Reset.

Reverse Reconciled Payments

To reverse any reconciled payments, click Reverse Reconciled Payments. A pop-up window displays where you can select the Transaction Type and enter the From and To Payment Numbers to be reversed. Click OK.

Payment Transaction Inquiry

To view the Payment Transaction Inquiry, select a check box next to a payment(s) in the list and click Transaction Inquiry to open the Inquiry pop-up window that displays with payment transaction information. You can also click the Invoice Number (if available), which is a hyperlink that opens the A/P Invoice Inquiry pop-up window.

Reconciled Amount

To view and/or update the Reconciled Amount, select a check box next to a payment(s) in the list and click the Reconciled button. In the pop-up window update the Reconciled Date and/or Reconciled Amount as needed. Click OK to save your changes.

See Also

Enhanced New World ERP Grid

Payment Reconciliation Batch Processing