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M
Megan88
August 19, 2019
Question

Bank Reconciliation

  • August 19, 2019
  • 1 reply
  • 0 views

Hi 

 

I have a DD payment that i would like to split between a supplier account and the credit card. 

 

Is there a way of doing this?

 

I have tried matching part of the DD to the supplier invoice and creating a resolving transaction for the difference, then I delete the resolving transaction so the remainder of the payment goes back to my bank feed, then I add the remainder to the credit card as a cheque - but when i go to reconcile the bank it gives me a difference (the same value as the supplie invoice)

 

Is there a way of matching part of a payment without creating a resolving transaction so that the remaining amount sits in your bank feed? 

 

Any help is appreciated 

 

Thank you

 

Megan

 

1 reply

G
GeorgiaC
August 19, 2019

Hey Megan88,

 

Thanks for the detailed post.

 

There is no way to partially match a payment without creating the resolving difference, however you can resolve the difference as an uncategorised expense directly to the credit card account by choosing the credit card under 'category' on 'Add resolving transactions'. Alternately you can create the cheque before reviewing the transaction in banking and then match to both.

 

I have tested the steps you have outlined above and after deleting the resolving difference, the payment shows as the resolved difference amount in the Banking For-Review, but if this is then added it is added as an expense for the original amount (i.e the resolved difference and the supplier invoice, duplicating the supplier invoice amount). I will raise this with our engineers for investigation; to correct, I would suggest going to the Reviewed tab and 'Undo' the resolved difference and matched bill payment, then manually create a cheque and go to the For-Review and match to both the open bill and cheque.

 

Please let me know if you have any further queries!

 

 

 

M
Megan88Author
August 19, 2019

Hi GeorgiaC

 

Thank you for your reply.

 

What I ended up doing was following the steps in my original message and then I went to the Chart of Accounts - Credit Card - found the transaction and edited the value to reflect the remainder of the payment rather than the full value of the DD. This seemed to work ok as my bank reconciled. 

 

Thank you for your help :) 

G
GeorgiaC
August 19, 2019

That sounds like an easier solution, Megan88! 

 

I'm pleased you were able to reconcile the bank, and thanks for bringing the issue to our attention - have a great day! :)

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