Final Match Transactions

Explanation

This activity is used once the bank statement and cashbook transactions are matched, and the difference between the two balances and the total of the unmatched transactions are equal (reconciled). In order to perform final matching, no transactions should remain unmatched in the Bank Transaction section, or they should be marked as Bank Error.

Prerequisites

Preliminarily matched transactions should exist. Also, the difference between the cash account balance and the bank statement balance, and the difference between the unmatched transactions in the Automatic Transaction Matching window should be equal. No transactions should remain unmatched in the Bank Transaction section, or they should be marked as Bank Error.

System Effects

The transactions that have been through the final matching process are permanently matched with a reconciled ID and no further matching will be possible. Nevertheless if you want to rollback the transactions this can be done using Rollback Final Matching.

Window

Automatic Transaction Matching

Related Window Descriptions

Transactions Matching (dialog box),
Transactions Matching

Procedure

1. Open the Automatic Transaction Matching dialog box.
2. Enter the cash account, and reconciliation date. Payment institute and period will be fetched by the system.
3. Click OK. The Automatic Transaction Matching window will display all transactions that have not been matched/finally matched up until the reconciliation date. You will find cashbook transactions on the upper section and the bank statement transactions on the lower section of the table.
4. Right Click on the window header and click Final Matching.