Understanding the Payment Reconciliation Process

Global Payroll enables you to reconcile checks. You can view which checks are cashed or outstanding. You are able to manage transaction exceptions, such as date or amount differences.

The reconciliation process (GP_BNK_RECON) matches the keys from the bank file with the same keys in Global Payroll's source bank file. An exception is created if any of these keys do not match.

• Payment number.

• Transaction amount.

• Transaction type or payment methods (if provided in the bank file).

Image: Bank Reconciliation Business Process flow

This diagram shows the process flow of bank reconciliations.