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Bank Reconciliation

     There are two ways to manage the bank reconciliation. 


1. Manual Reconciliation: Bank reconciliation is made from the bank account from account reconciliation page but all the transactions are manually marked and reconciled. For to cancel a bank reconciliation cancel feature needed to be enabled.

2. Advance Reconciliation: For to use advance reconciliation, bank needed to be selected. Once selected, can not be removed. Then users needs to upload the file (MT940 etc) for the reconciliation. Users can setup rules for auto reconciliation for to match the file with the transactions and for the rest, user can manually match the transactions. Once reconciled, user can always cancel the reconciliation with to enable feature. If there are minor differences, these difference can be posted in differences accounts with the setup applied by the user.


For older versions, if there were posted differences, it was not allowed to reverse the transactions and there was a need for some manual interaction that users need to do. But in version 10.0.27, it is expected to be able to reverse.  

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