Understanding Bank Reconciliation Configuration

Bank account reconciliation involves comparing and matching your recorded business transactions with your bank's corresponding transactions.

PeopleSoft provides you with different ways to reconcile balances, from a fully automated approach to one where you compare transactions manually. The method that you use depends on how you receive transaction information from your bank and on which PeopleSoft applications you use.

Bank reconciliation in PeopleSoft supports these sources:

• External Transactions

• Payables

• Receivables Deposits

• Receivables Direct Debits

• Receivables Drafts

• Receivables Payments

• Treasury