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ManualDoc:TFF8080813320657F0133209DE21B0042

Contents

Manual Reconciliations

Automatic Reconciliations

FinancialAccount Reconciliations.png

Reconciliations Posting

A Reconciliation of any type can be posted if the Payment Method used while creating the payment to be reconciled allows to do so once assigned to the financial account. If that is not the case Openbravo shows a warning : "Document disabled for accounting".

A "Deposit Reconciliation" posting looks like:

a. if the Payment Received was NOT posted in the "Payment In" window and the Deposit Transaction was also NOT posted in the "Financial Account" window:

Account Debit Credit
Upon Reconciliation Use the "Cleared Payment Account" (i.e) Payment amount
Customer Receivables Payment amount

b. if the Payment Received was posted in the "Payment In" window and the Deposit Transaction was NOT posted in the "Financial Account" window:

Account Debit Credit
Upon Reconciliation Use the "Cleared Payment Account" (i.e) Payment amount
Upon Receipt Use the "In Transit Payment IN Account" (i.e) Payment amount

c. if the Payment Received was posted in the "Payment In" window or not and the Deposit Transaction was posted in the "Financial Account" window:

Account Debit Credit
Upon Reconciliation Use the "Cleared Payment Account" (i.e) Payment amount
Upon Deposit Use the "Deposit Account" (i.e) Payment amount

Each posting will be different when the amount comes partially o totally from a debt classified as doubtful. In that case, the posting will be as explained in | Doubtful Debt Run Window.

A "Withdrawal Reconciliation" posting looks like:

a. if the Payment Made was NOT posted in the "Payment Out" window and the Withdrawal transactions was also NOT posted in the Financial Account window:

Account Debit Credit
Vendor Liability Payment amount
Upon Reconciliation Use the "Cleared Payment Account" (i.e) Payment amount

b. if the Payment Made was posted in the "Payment Out" window and the Withdrawal transactions was NOT posted in the Financial Account window:

Account Debit Credit
Upon Payment Use the "In Transit Payment OUT Account" (i.e) Payment amount
Upon Reconciliation Use the "Cleared Payment Account" (i.e) Payment amount

c. if the Payment Made was posted in the "Payment Out" window or not and the Withdrawal transactions was posted in the Financial Account window:

Account Debit Credit
upon Withdrawal Use the "Withdrawal Account" (i.e) Payment amount
Upon Reconciliation Use the "Cleared Payment Account" (i.e) Payment amount

Reconciliations Reporting

Additionally there are two reports which shows information about each reconciliation, those reports can be run from the process buttons:

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