You're almost there! Please answer a few more questions for access to the Applications content. Complete registration
Interested in joining? Complete your registration by providing Areas of Interest here. Register

How to use the Statement Net Zero Matching Type

in Payables, Payments & Cash Management 3 comments

Summary:

Hello, we're facing a scenario where a bank statement contains both a credit & debit for the same check & check amount, netting to $0. We'd like these two lines to be automatically reconciled with each other as there's no accounting/system impact. Both statement lines have the same Customer Reference & Additional Entry information, and the Credit line has a 255 - Check Posted and Returned transaction code.

I've attempted to setup a Reconciliation Matching Rule with the Matching Type = "Statement Net Zero". After adding it to a Reconciliation Rule Set & running the Autoreconciliation process, the process errors out with the CE-660243 error code. The process runs successfully after removing this Matching Rule from the Rule Set, but the lines remain unreconciled.

Tagged:

Howdy, Stranger!

Log In

To view full details, sign in.

Register

Don't have an account? Click here to get started!