Cash Deposit and Autoreconciliation
Posted: Mon Nov 23, 2015 10:01 pm
Hi,
What can be the best way to autoreconcile the Cash deposits into the bank.
Customer is a tolling agency and received lot of toll receipts for a day. All the receipts are entered in a third party application and interfaced to AR as a single receipt, because the total receipt is deposited into the bank.
For autoreconciliation, we donot have a common reference between the bank and the third party application. Only we have date and amount information which matches. But for autoreconciliation to happen this is not enough.
What best can we offer to the customer as the reconciliation solution for this type of activity.
Thanks,
Narayan
What can be the best way to autoreconcile the Cash deposits into the bank.
Customer is a tolling agency and received lot of toll receipts for a day. All the receipts are entered in a third party application and interfaced to AR as a single receipt, because the total receipt is deposited into the bank.
For autoreconciliation, we donot have a common reference between the bank and the third party application. Only we have date and amount information which matches. But for autoreconciliation to happen this is not enough.
What best can we offer to the customer as the reconciliation solution for this type of activity.
Thanks,
Narayan