How to clear Bank Reconciliation with Transaction Type of Sweep? — Cloud Customer Connect
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How to clear Bank Reconciliation with Transaction Type of Sweep?

in Payables, Payments & Cash Management 4 comments

Summary:

Our CFO decided to change the bank account to money market sweep account. Now when the bank statement is sent and imported into the cash management we are seeing a Transaction Type of Sweep listed that will not reconciliation on the bank statement. We did setup Bank Statement Transaction Creation Rules and added the Sweep code to the bank account for auto reconciliation, but when running the process the Sweep transaction types are not clearing.

When running the process and looking at the log file it states the following "The following rules were not consider as the bank account is not a member of a physical cash pool that is eligible for sweep transaction generation"

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