There are many bank transactions that aren't entered into Cashbook when you bring in your Bank Statement. E.g. Bank Charges, Interest, Stop Orders etc.
When you import these transactions, RecXpress recognises them as unmatched.
If you have created all the necessary Rules, RecXpress will be able to automatically add them to Cashbook.
RecXpress will allow you to create rules that identify the transactions that are not matched based on its transaction code or its actual reference.
Once you have defined these rules, RecXpress will fully automate the reconciliation process and have no user intervention necessary when doing your import.
|
RecXpress Resources |
Configure the RecXpress module in the following:
RecXpress Options - Enable automatic posting of batches and set default configurations for allocating payments and receipts in both Accounts Payable and Accounts Receivable.
RecXpress Bank Formats - View available bank formats within RecXpress.
RecXpress Transaction Codes - Transaction codes associated with each bank format available in RecXpress.
RecXpress Rules - Define rules to efficiently manage and streamline your Bank Reconciliation process.