Payment Reconciliation
Posted: Mon Mar 14, 2011 9:20 pm
Hello All,
I need a small functional help in accounts payables modules.Appreciate if you can help
1)Our company has direct debits setup with bank.
2)Supplier debits the bank account directly when there is a transaction.
3)Supplier(Govt organization) doesn't send any invoices for the direct debit transactions
4)payment Statements comes from the bank for the direct debit transactions
Now the problem is we were not able to reconcile the statements with account payables
as there is no invoice/payments for that transactions to match.
Manual entry of invoice and payment to match the statement is not option cos of the high volume of the transactions.
Please help if you think if any alternative solution
I need a small functional help in accounts payables modules.Appreciate if you can help
1)Our company has direct debits setup with bank.
2)Supplier debits the bank account directly when there is a transaction.
3)Supplier(Govt organization) doesn't send any invoices for the direct debit transactions
4)payment Statements comes from the bank for the direct debit transactions
Now the problem is we were not able to reconcile the statements with account payables
as there is no invoice/payments for that transactions to match.
Manual entry of invoice and payment to match the statement is not option cos of the high volume of the transactions.
Please help if you think if any alternative solution