Financial Management - PSFT (MOSC)

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How to reconcile ACH returned

edited Jul 1, 2015 10:41AM in Financial Management - PSFT (MOSC) 6 commentsAnswered

We have following scenario

e.g.

Two ACH payments were issued from AP; one is 70 USD and another 30 USD.

Next day we loaded Bank BAI file which has 100 USD as ACH debit.

So far good

A day later, bank sends ACH returned from the above batch; one payment was rejected USD 30

Now on the bank side, we have  100 usd as ACH issue and 30 USD(absolute value) as ACH returned

On the system side, we have 100 usd as AP ACH payment

We cannot reconcile now because totals dont match.

Please let me if there is any option to fix this issue.

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