Match Transactions

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Hi,

How can I match multiple payable transactions in Payroll(Payroll) , to one transaction in Bank. So basically i use direct deposit module in Sage 50 to produce payroll and then transmit to bank as a batch they just make one withdrawal entry to deduct entire amount from our bank. How can i match the 2 transactions in Match Transactions module. Also, I do I get rid of old entries from past months that weren't matched using Match transactions module but still appear?

Thank you!

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    SUGGESTED

    Hi   ,

    Thanks for reaching out. To match multiple payable transactions in Payroll to one transaction in Bank, you can follow these steps:

    1. Match Transactions in Bank Reconciliation:

      • Go to the 'Reconciliation & Banking' module.
      • Select 'Match Transactions'.
      • Choose the transactions from Payroll that you want to match with the single bank transaction.
      • Ensure that the total of the selected Payroll transactions matches the single withdrawal entry from your bank.
    2. Dealing with Old Entries:

      • For old entries that weren't matched previously, you can still match them by going to the 'Match Transactions' module.
      • Locate the unmatched transactions.
      • Match them manually by following the same steps as above.
    3. Using Direct Deposit Module:

      • When using the direct deposit module, ensure that all payroll entries are processed correctly and transmitted as a batch to your bank.
      • If there are discrepancies, review the entries in both Payroll and Bank modules to ensure consistency.

    For detailed guidance, please refer to the following articles:

    If this helps please mark it as verified :)

    Warm Regards,
    Erzsi

Reply
  • 0
    SUGGESTED

    Hi   ,

    Thanks for reaching out. To match multiple payable transactions in Payroll to one transaction in Bank, you can follow these steps:

    1. Match Transactions in Bank Reconciliation:

      • Go to the 'Reconciliation & Banking' module.
      • Select 'Match Transactions'.
      • Choose the transactions from Payroll that you want to match with the single bank transaction.
      • Ensure that the total of the selected Payroll transactions matches the single withdrawal entry from your bank.
    2. Dealing with Old Entries:

      • For old entries that weren't matched previously, you can still match them by going to the 'Match Transactions' module.
      • Locate the unmatched transactions.
      • Match them manually by following the same steps as above.
    3. Using Direct Deposit Module:

      • When using the direct deposit module, ensure that all payroll entries are processed correctly and transmitted as a batch to your bank.
      • If there are discrepancies, review the entries in both Payroll and Bank modules to ensure consistency.

    For detailed guidance, please refer to the following articles:

    If this helps please mark it as verified :)

    Warm Regards,
    Erzsi

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