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Total amount of creditor payment (ABA file) in register to match bank statement entry for easier reconciliation.

  • Guest
  • Aug 31 2021
  • Already exists
  • Aug 31, 2021

    Admin response

    Hi Grant. Due to the underlying source code in Reckon Accounts this cannot be addressed in the core product. However, for many years there has been a process in place to accommodate this.

    Essentially you create a clearing account (Type = Bank) which you use for all of your Bank / ABA file payments (one per bank account).

    Use this account to pay suppliers / employees, and then write a cheque transaction (or transfer) to move the TOTAL of the ABA back into the clearing account. This will have 2 effects:

    1. Your clearing account should always balance back to $0.00

    2. The TOTAL of the ABA will be the only transaction in your actual bank account in Reckon, which will match your bank statement, making for a much easier reconciliation.

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