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Can we use same transaction code with different reconciliation references for payment & collection ?

edited Oct 16, 2024 2:00AM in Payables, Payments & Cash Management 1 comment

The same transaction code is used for payments and collections in MT940 bank statements. However, we need to use different reconciliation references. In this situation, can we use different reconciliation references for the same transaction code for auto-reconciliation?

Ex:

Bank Account

Transaction Code

Reconciliation Reference

Type

ABCXXXXX

NMSC

Customer Reference

Payment

ABCXXXXX

NMSC

Account Service Reference

Collection

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