Tying up AP and Bank Statements

[JFro]

Actinic Payments can create a bit of an accounting nightmare, with a constant stream of payments showing on the bank statement.

So what are the best ways you have found to tie up the AP payments and the payments on the bank statements?



Also, does anyone know what the description of the transfer means, when it shows up on the bank statement?

SL- 40000000 -2707 . 40000000 COMBINED

The 4... number is the merchant number. But something must tie it to the particular order??

[cbarling]

Jess, are you on v10.0.2? There is a new reconciliation report in there, designed to help you to tie up with the bank statement.

I would be very interested in your views and experiences if you try it.

Chris

[JFro]

Hi Chris - yes ok, we will look into it & let you know. Thanks!