We currently have multiple items on the bank feed match to multiple items on the bank register. Because it does not allow us to do that, we are unable to complete a full bank reconciliation within FE. We have to do some on FE and some on an excel sheet.
This limitation causes us to have to be very careful about how we enter bank register items. We prefer the ability to have the option to match many to many in instances where it makes sense.
Hi, we implemented FENXT 1/1/23 and we process EFTs in large batches. They come across the bank (Wells Fargo) in multiple smaller batches per day based on when they clear. We need to be able to select all EFTs on a specific day bank register (date processed) AND several EFT batches in the Bank Feed in order to match and clear. Otherwise it's a guessing game to see what is in each batch within the bank feed. We are solely using Database view until this is fixed because it takes 1-2 hours per EFT batch to reconcile using FENXT.
Yes, this would be very helpful and save a lot of time. However, it looks like it was requested four years ago. I'm just now trying to get caught up on bank feeds, and this is definitely something that is a hindrance. Thanks!
I cannot complete a bank reconciliation in FE NXT using the bank feed and transactions entered. Deposits from Merchant Accounts have fees taken out and therefore do not match the associated transaction. Please correct the software so that both multiple bank feed entries and multiple transaction entries can be matched!
Not being able to match multiple transactions on bank feed to multiple transactions on the bank register causes many frustrations, adjustments, and extra work. Almost every BBMS deposit requires multiple transactions to match . It would save a great deal of time and energy to have the ability to match multiple bank feeds to multiple transactions.
Not being able to match multiple transactions on bank feed to multiple transactions on the bank register causes many frustrations, adjustments, and extra work. Almost every BBMS deposit requires multiple transactions to match . It would save a great deal of time and energy to have the ability to match multiple bank feeds to multiple transactions.
Being not able to match of multiple transactions on bank feed to multiple transactions on the bank register causes many adjusting entries to be created in FE NXT. Otherwise, we cannot match them. We could save a lot of time during bank rec. and not need to make these adjustment entries if we were allowed to select multiple lines on both bank feed and bank register sides.
We just implemented FE NXT. The bank rec match to the bank feed looked amazing but it won't work for us. We need to be able to select multiple items from both the register and bank feed as bank deposits from credit card payments often group into multiple batches. If it was possible to select multiple on both sides, we could do our bank rec in FE NXT and save a ton of time.
Yes, this is also an issue for our organization not being able to reconcile in NXT Financial Edge. We can't select multiple bank transactions to match GL entries. We have bankcard and split deposits daily into one bank account and in 2 or 3 days we transfer the bankcards or split deposits to two different bank accounts. It doesn't allow you to select multiple GL entries to bank entries to match the transactions.
This is an issue for me as well...my organization receives daily credit card deposits, and sometimes the batches created for deposit match entries over a 2 or 3 day period, so we have instances where we need to match two deposits to three or more cash entries. Allowing multiple lines to be matched would be an easy way to keep our accounts reconciled through the matching and clearing functionality in NXT.
Yes! This is critical.