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19B feature - Unreconcile single transaction from a group in Cash Management

edited May 9, 2019 9:10AM in Payables, Payments & Cash Management 3 comments

Summary

How to treat the bank statement line for a payment rejection

Content

When we process a BACS payment run we have one bank statement line for the full batch which we reconcile to the 100 or so system transactions included in the batch.

Using the new 19B feature to unreconcile a single transaction in a batch we can avoid having to unreconcile then re-reconcile the other 100 or so transactions in the batch which is a good feature so that the GL accounting is tidier.

Having now tested the feature, the GL accounting Dr Bank Cr Cash Clearing is occurring when the transaction is unreconciled, which is what we want, however the bank statement line for the returned cash cannot be reconciled to anything. I think the only solution is to create an external transaction without accounting to reconcile the bank statement line to - which seems to be a bit of an oversight in the solution provided in 19B since an external transaction without accounting is already being created and reconciled by the system to keep the group balanced.

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