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Payment Description field on payment form not appearing in system transactions in Bank Recon Page

in Payables, Payments & Cash Management

Hi,

Reconciliation of bank guarantee charges:

We are currently accounting for bank guarantee charges through AP payments in order to allocate the expense to the respective project. While recording the payment, we capture the bank guarantee reference under the “Payment Description” field.

However, this information does not appear in the system transactions on the bank reconciliation page, as the payment description field is not available there.

To facilitate an accurate and efficient reconciliation process, we request that the payment description which includes the bank guarantee reference be made visible in the system transactions section of the bank reconciliation page.

Currently, there is no field for payment description in the system transactions. Is there any other field we can use while creating a payment to provide the bank guarantee reference, so that it appears in the system transactions and helps in reconciling the bank statement with the system records?

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