Another product born from our customer requirements is our Trade Creditor Reconciliation function. This feature performs a 3-way reconciliation between your Creditors Statement, your Acumatica Vendor Transactions and your Remittance Advice. There is also controls to ensure that users don’t pay invoices with amounts that are greater than the supplier invoice value and ensures strict controls and traceability on all reconciliations and related payments. To process the reconciliation, you simply.

• Import the bank statement and map the cautious fields. Once done the system retains the mapping for future imports
• After the statement is imported, the system will auto-allocate matched transactions so that you only have to work on the unmatched transactions. This is deal for suppliers with Large Volumes of transactions
• Apply the transactions on the statement to that of the system. We can also apply multiple transactions against one amount where there could be a supplier invoice and credit note that offsets against a system invoice
• Once allocations and payments are set the user prints the reconciliation and authorises or processes the payment for approval