| Autoreconciling bank charges in absence of AR [message #467814] |
Tue, 27 July 2010 09:24 |
zeeshan123
Messages: 2
Registered: July 2010
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Junior Member |
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We are implementing Cash Management. We are implementing AP but do not have AR. We plan to load bank statement and do autoreconciliation.
As per Cash Management User guide:
"We typically use misc transactions in AR (that create negative receipts) to reflect bank-originated activities. For example, we can record miscellaneous receipts for interest and miscellaneous payments (negative miscellaneous
receipts) for charges."
Does anyone has an idea how we can autoreconcile bank originated activities such as bank charges in absence of AR. We really do not want to do it manually. But in case we do not have any other option, what I am thinking we probably will have our user create manual general entries for bank charges/interest payment/tax deductions from the bank.
Would really appreciate any help and suggestions in this regard.
thanks in advance!!
Sha
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