Common Elements Used to Reconcile Statements
Field or Control |
Description |
---|---|
Load Date and Time |
Displays the date and time that the bank file was loaded. |
Recon Status (reconciliation status) |
Identifies the status of a transaction in the reconciliation process. The status can be either Reconciled, Unreconciled, or a number of other statuses that indicate why a transaction did not reconcile successfully. |
Trans Code (transaction code) or Transaction Type |
Identifies the type of transaction in a bank statement: ACH: Automatic Clearing House B: Direct Debit BOE: Bill of Exchange - Disburse BOO: Bill of Order - Disburse CHK: Check DD: Direct Debit - Disburse D: Deposits EFT: Electronic Funds Transfer F: Fee Expense G: General Transaction I: Interest Expense M: Miscellaneous Transaction MAN: Manual Check P: Payment R: Drafts S: Stop Payment U: Funding Receipt V: Voided Payment WIR: Wire - Disbursement |
Transaction Date |
Displays the date on which the transaction was "cleared" by the bank. This is the date used for the date matching part of reconciliation. |
Value Date |
Displays the date on which the bank recorded the transaction. |