Using Reconciliation Tolerances
Implementing a solution related in particular with credit card receipts which are handled outside of EBS, imported into AR at the batch level. We are wanting to reconcile these against a single, daily summary line on the bank statement, however the credit card processor deposits the batch net of their fees. For example, 5 receipts of $100 each are loaded individually into a remittance batch in AR for $500. The receipts and the batch are available transactions for reconciliation. The bank statement line is a deposit, classified as AR Receipt for $450 (10% fee deducted prior to deposit). Cash management can