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Unreconciled Transactions to Cash Management

edited Feb 21, 2020 7:29AM in Payables, Payments & Cash Management 1 comment

Summary

Unreconciled Transactions to Cash Management

Content

Business would like to bring Unreconciled Payments/Receipts Transactions to Cash Management directly instead of sub-ledger modules.

As Business don't bring any historical data (payments/receipts) to Fusion system so user want to reconcile any transactions with Bank transactions. those transactions won't exist in the system.

Is there anyway we can bring those transactions without impacting the trial balance or AP, AR control account balances directly in Cash Management Module. without these transactions we can't reconcile with Bank statements.

We suggested:

As a best practice, there unmatched payments, receipts, and other bank/cash transactions as of the production cut-off date, need to be managed manually in the EBS, after cut over to the new EPR system. Like the above case, all these unreconciled receipts and payments with the bank statement if we are bring forward.

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