3.37.5 Authorize Bank Reconciliation

This topic provides the systematic instructions to authorize bank reconciliation.

Choose the operation Authorize, to authorize reconciled and un-reconciled entries, and the desired Reconcile Entry in the Bank Reconciliation Summary screen and enter the search criteria.

1. Click Ok button.
   The records satisfying the search criteria that you have entered are displayed.
2. Check the option Select against the entry which you wish to authorize.
   While authorizing the reconciled records you can specify the payment action the system should perform. The options are:

   • Clear – If you choose this option, system will confirm the units.
   • Reject – If you choose this option, system will pass a reversal to the original transaction.
   • No Action - If you do not specify any payment action here, system will not take any action. The entry will be reconciled. The transaction will neither be cleared nor rejected irrespective of the cheque status.
3. If the status of the cheque in bank feed is Debit Received, Reject Status Awaited or Rejected, then you can select the option Reject.
4. If the status of the cheque in the bank feed is Credit Received, you will be allowed to select the Clear action.