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Bank Reconciliation for rejected payment

edited Jul 28, 2019 10:01AM in Payables, Payments & Cash Management 4 comments

Summary

Bank Reconciliation for rejected payment

Content

How to do a bank reconciliation for rejected Payments, let's say, we have uploaded EFT file on bank portal on 29th Jul-2019 and Bank account is debited and after 3 days, the bank account is credited due to an incorrect bank account or supplier bank rejected due to some reason, How to cater to this requirement, we have also reconciled the Bank statement on 29th July. now we have received another line in the bank statement on 1st Aug and repay to supplier

 

What is the best way to cater to the requirement

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