Reconciliation of already posted entries

Entries that have already been posted and where a match with the bank entry is found are reconciled with great accuracy with Statement Intelligence.

Features that help you reconcile already posted items

Auto-match on transactions that are executed on time and 1-to-1.
100% match vendor payments (using unique reference number)
Match payments with currency difference-including the posting of the difference itself.
Match payments where text contains customer/vendor number or invoice number.
Match customer payments based on customer/statement transcripts. This function enables you to match your customer payments based on bank statements. Payment Management stores a list of which invoices and credit memos so if your customers pays with these ID's, Payment Management can apply these entries automatically.

Reconciliation rules can also be set up to automate the process.