Bank Reconciliations

Bank Activity simplifies matching bank statements to transactions in R365. With Bank Activity, users can easily create new deposits, withdrawals, and AP payments based on data provided by the bank. The Bank Activity feature speeds up the ban...

Matching transactions in Bank Activity makes the Bank Reconciliation process easier. Once Bank Accounts are set up , then Bank Activity can be pulled and matched. This process consists of the following steps: Navigate to Bank Activity Upda...

This article is part of the Direct Bank Connections training. Click here for more information on  Direct Bank Connections Direct Bank Connections work in conjunction with the Bank Activity Screen . Think of the Direct Bank Connections...

Manually importing and exporting bank files is one of three ways that Bank Activity can be updated. Click here to learn more about Bank Activity Update Options . Download Activity from Your Bank Log into your bank website and choose to dow...

A Bank Reconciliation is a period end (or month end) procedure used to ‘true-up’ the records in your Accounting system to the actual activity in your bank account (as reported by your bank). Complete the Bank Reconciliation process by following the ...

Detailed or summary view of cleared and outstanding transactions included on a bank reconciliation. To open a Bank Reconciliation Report, open the desired bank reconciliation, hover over the 'Action' menu, and click 'Reconciliation Report'. ...

In order to reconcile a credit card, the credit card must be set up like a bank account so that you can create reconciliations for that account. For more information on setting up accounts, click here . After you have set up the credit card as a...

Bank Rules can be set and managed on the 'Bank Rules' tab of the Bank Activity screen. Bank Rules are used so the system can attempt to assign a Vendor, Account, or Location to the Activity records imported based on set conditions. Bank Rules can ...

The Rule Vault houses all active and inactive default matching rules and user-created transaction rules. From the Rule Vault screen, users can view both active and inactive rules, search and filter the list for specific rules, create a new tran...

This is a part of the Rule Vault feature. Click here to learn about Rule Vault . From the Rule Vault, transaction rules can be created to look for specific transactions in bank activity. When bank activity is retrieved and a transaction is ...

This is a part of the Rule Vault feature. Click here to learn more about the Rule Vault . Once a user-created rule is saved, it can be updated directly from the rules list or by clicking on the rule and editing its details. While the details of ...

This is a part of the Rule Vault feature. Click here to learn more about the Rule Vault . Both Default Matching Rules and User-created Transaction Rules can have their statuses updated at any time. Active Default Matching Rules will be first used ...

This is a part of the Rule Vault feature. Click here to learn more about the Rule Vault . Default Matching Rules are system-generated rules that help to match your bank statement to transactions that have already been entered in R365. When ...

Bank Activity simplifies matching bank statements to transactions in R365. With Bank Activity, users can create new deposits, withdrawals, and AP payments based on data provided by the bank. The Bank Activity feature also speeds up the bank rec...

If Bank Activity pulls in a withdrawal that does not match any existing payment in R365, an AP Payment can be created using the information gathered from the bank. Only users with the following permission(s) can create an AP Payment from Bank Act...

Any transaction that is unmatched in R365 is an uncleared transaction. It is recommended to reconcile your accounts as often as possible to limit any discrepancies between R365 transactions and transactions posted to your bank account. Uncleared tr...

User-created Transaction Rules often times do not match properly due to the following reasons: Conditions Are Too Strict The Conditions on a Rule help to pinpoint the transactions that should be matched for an account. When a Condition is t...

Bank Reconciliations often need to be unreconciled when a Daily Sales Summary needs to be deleted and re-polled.  Before following the steps below, it is recommended to run the Reconciliation Report . This report is always as of your las...

In order to re-poll a reconciled DSS, you will have to first reverse the steps it took to reconcile it. The steps below outline the process to complete this successfully.  Step 1: Open the Fiscal Period If the entry was made in a close...