Currently, the bank reconciliation feature does not factor the payment “date cleared” field into outstanding amounts. When reconciling at end of month, the "date cleared" field is not considered, but rather presumes a status of cleared. Therefore, the outstanding # of checks is inaccurate if a check does not clear until early the next month. The result is that the client cannot download bank transactions until all checks are cleared.
Client requests this product functionality (taking into account the payment date cleared field when calculating outstanding amounts and filtering for transactions to be downloaded) be considered for future implementation by FENXT product leads. Please forward as appropriate. Have also requested that the client add this information to the FENXT Idea Bank.