The action allows you to create mappings between text on payments and specific debit, credit, and balancing accounts, ensuring that such payments are posted to the specified accounts when the payment reconciliation journal is posted. This is useful for recurring cash receipts or expenses, such as bank fees or interest, that regularly appear on the bank statement and do not require a related business document. The following describes how to map text on recurring payments to accounts for automatic reconciliation:
Choose the search icon, on the top-right corner, enter , and select the related link.
Open a previous payment reconciliation journal.
Select from the menu bar, and choose action. The Text-to-Account Mapping page opens.
In the field, enter any text that occurs on payments that you want to post to specified accounts without applying to an open entry. You can enter up to 50 characters.
In the field, enter the vendor that the payments will be posted to.
In the field, specify if the payment will be posted to a general ledger account or to a customer or vendor account.
In the field, specify the account that the payment will be posted to, depending on your selection in the field.
After you’ve finished mapping payment text to accounts, click on to save the changes, and then the button. From the dialogue box that appears, click . When you set up a text-to-account mapping, the resulting automatic payment application will have in the field.
Repeat steps 3 through 8 for all text on payments that you want to map to accounts for direct posting without application.
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