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CM | New Feature | Exclude Reversal Journal Entries from Bank Statement Reconciliation

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edited Jul 14, 2020 1:33AM in Payables, Payments & Cash Management 1 comment

Summary

A Good new feature is introduced in 20C to exclude the reverse journal entries from the reconciliation process

Content

This new feature will streamline the bank statement reconciliation process by excluding reversals and the corresponding originating journal entries.

The reversal and originating journal lines that match the bank account's cash account code combinations are not displayed in the Manual Reconciliation page, and not selected by the Automatic Reconciliation process because they are removed from the bank statement reconciliation process. 

The Cash to General Ledger Reconciliation Report is also enhanced to remove reversals and the corresponding originating journal entries from the report. 

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