Once you have set up mappings for a bank statement and or set up the Bank Feeds connection on a bank type nominal account, and you have imported the cvs statement file or downloaded your bank transactions, in the Bank Reconciliation screen, the Auto Matching service is going to match transactions from your statement to transactions in the Cash Book where it can and these matches will be displayed on the Bank Reconciliation screen under the Matched tab.
In this article we aim to guide you on how you can accept, reject or undo your reconciliation in the Bank Reconciliation screen.
For more information on how the Auto Matching service works, please refer to the General explanation on how the AI assisted Bank Reconciliation works article where you can get an in-depth knowledge on how the AI works, learns and develops in time.
Once you have entered the Bank Reconciliation screen either from a manual statement upload or download from your bank, all the matches that the Auto Matching service can match for you will be under the Matched tab.
Together with one-by-one transaction comparison, the AI matching system will also be able to identify groups of bank statement transactions that are to be matched to a single account transaction or vice versa.
Accepting matches
You can review and accept any automatically matched transactions that you agree with by following the steps below
On the Bank Reconciliation screen, click on the Matched tab if it is not the tab in focus.
Note: All the transactions matched by the Auto Matching service are displayed for you.
Select the checkboxes in front of the transactions that you have reviewed and agree to accept and reconciled, or alternatively, if you agree with all matches, you can just select the 'Select All' checkbox at the top of the checkboxes column.
Click the Accept and Reconcile button at the bottom of the screen.
Note: All the selected transactions are moved to the Reconciled tab.
Rejecting matches
On the Bank Reconciliation screen, click on the Matched tab if it is not the tab in focus.
Note: All the transactions matched by the Auto Matching service are displayed for you.
Select the checkboxes in front of the transactions that you have reviewed and want to reject, or alternatively, if you want to reject all matched transactions, you can just select the 'Select All' checkbox at the top of the checkboxes column.
Click the Reject button at the bottom of the screen.
Note: All the selected transactions are moved to the Unmatched tab.
Undo Reconciliation
On the Bank Reconciliation screen, click on the Reconciled tab.
Note: All the transactions reconciled are displayed for you.
Select the checkboxes in front of the transactions that you have reviewed and want to unreconcile.
Click the Undo Reconciliation button at the bottom of the screen.
Note: All the selected transactions are moved to the Unmatched tab.