Use this activity to automatically match bank statement transactions with unmatched transactions in the cashbook. The loaded bank statement transactions and cash transactions that are unmatched until the bank statement date will be fetched to the Automatic Transaction Matching page. Then cash and bank transactions, which have the same values for currency code, amounts and user-selected attributes (defined for payment type groups) will be checked as matched. If value date is used for the payment institute then value date according to the Date Adjustment Factor too will be used during automatic matching.
Which amounts to match between cash and bank transactions depends on the currency in which cash account is maintained.
Example. For matching amounts
If cash account = accounting currency
Match: Amount in Acc Currency in cash transaction with Amount in bank transaction
If cash account = non accounting currency
Match: Currency Amount in cash transaction with Amount in bank transaction
Bank statement transactions must have been loaded into the system before performing this activity.
As a result of this activity, the transactions common to the cash book and the bank statement will be checked as matched.