Allow partial clearing of deposits in cash management module
There are times, unfortunately, when a deposit clears the bank for a different amount than it should. It would be nice to do a partial clear of the deposit for the amount the bank credited, while showing an uncleared amount that represents the bank's correction that will appear on the next bank statement. In the case that prompted this suggestion, a deposit of $902.60 cleared the bank as $832.60, $70 less than it should have. It would have been nice to clear the amount received ($832.60) while showing an outstanding deposit of $70 going into the following month.
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Guest
- Oct 20 2016
- Already exists
Related ideas
Hi Debbie, thanks for the feedback and I'm sorry to hear about your internet connectivity. Hopefully that will continue to improve over time, but in the meantime thanks for the support and engagement for Financial Edge 7. Unless anyone else has another recommendation, it sounds like an adjustment in the bank register may be the best work-around option in Financial Edge 7.
That sounds good, if we were on NXT. NXT is not an option, as we are in a mountainous area with unreliable internet connections. Storing our data in the cloud is not a viable option for us.
Debbie Parker
Our Bank Feeds functionality in Financial Edge NXT may meet your needs. It allows you to "match" the cleared deposit amount of $832.60 to the Bank register deposit amount of $902.60, and would show a $70 mismatch. It would then prompt you to create an adjustment to complete the match so the totals balance out. Let us know if this doesn't meet your needs!
I love this idea, it would make my life so much easier!
A simple two item adjustment entry can solve this problem. The best practices is that a deposit that is entered in FE should match the deposit going to the bank.