This activity is used to cash the open checks in the application using bank statement information and to reconcile those cashed checks with the bank statement transactions.
A bank statement must have been loaded into the system, and the loaded statement must include cashed check transactions.
Any open check which matches the check number (series ID), currency, and amount of the transaction selected from the bank statement will be cashed. As a result, a transaction will be created in the cashbook, which will be reconciled with the transaction selected from the bank statement. This will cause the Reconciled check box in the Customer Check window or Supplier Check window or Repayment Check window to be selected. The customer, supplier and repayment checks included in a check cashing proposal will be cashed only if the proposal is not used in an existing mixed payment having Not Approved status.
Transaction Matching (Dialog Box)
Automatic Transaction
Matching (Dialog Box)
Automatic Transaction Matching