Can Cash Management automatically create accrual journals for unmatched statement lines?
Summary:
Can Cash Management automatically create accrual journals for unmatched statement lines?
Content (please ensure you mask any confidential information):
Can Cash Management automatically create accrual journals for unmatched statement lines? This are for statement lines that are waiting to be reconciled to AP or AR transactions and not miscellaneous transactions. These will be reversed the next period. The statement lines will remain unreconciled.
We cannot use Transaction Creation Rules because these will mark the statement lines as reconciled.
Example = AP Direct Debit Process
Bank debits our bank account to pay vendor. We do not have the invoice yet so the bank statement line is unreconciled. If this happens on month-end, we have to run a report for all unreconciled debits then manually create a JE to update GL. The JE is then reversed.