Hi,
What I am trying to understand is the process of matching bank receipts with receivables.
Currently, a bank statement needs to be posted for the system to recognise a receipt to be allocated against an invoice.
Previous softwares I have used for accounting allows receipts to be posted at ledger level i.e receivables accounts and then these can be matched against a bank statement when reconciled/posted. i.e it creates the incoming payment at ledger level and this is matched in the bank statement.
Is this possible?
The reason for this is that we need to segregate the reconciliation/matching of payables and receivables as this is done by different people. But should be independent of whether a bank statement is posted or not.
Any suggestions welcome.
Jay