This activity is used once the bank statement and cashbook transactions are matched, and the difference between the two balances and the total of the unmatched transactions are equal (reconciled). In order to perform final matching, no transactions should remain unmatched in the Bank Transaction section, or they should be marked as Bank Error.
In order to perform this activity,
After fetching all the transactions that have not been matched/finally matched
by the given reconciliation date to The Automatic Transaction Matching
page, cashbook transactions can be found on the top list and the bank
statement transactions on the bottom list.
Click Final Matching.
Preliminarily matched transactions should exist. Also, the difference between the cash account balance and the bank statement balance, and the difference between the unmatched transactions in the Automatic Transaction Matching page should be equal. No transactions should remain unmatched in the Bank Transaction section, or they should be marked as Bank Error.
The transactions that have been through the final matching process are permanently matched with a reconciled ID and no further matching will be possible. Nevertheless if you want to rollback the transactions this can be done using Rollback Final Matching.