Process bank entries with payment instalments

When processing a bank statement Profit uses the different search options to find the associated outstanding items for reconciliation. Important here is matching the amount. The process of matching is also a check of the payment instalments.

Do the following to match payment instalments:

  • When a specific invoice has been matched, Profit first checks whether the amount received matches the total amount or the balance of the invoice.

    If partial payments have been recorded for the relevant invoice, then Profit checks whether the amount received matches one of the partial amounts or the balance of one of the payment instalments.

  • If no specific invoice is found, Profit checks whether the amount can be matched to the combination of multiple outstanding items, in order of age.

    If the oldest outstanding item is an invoice with payment instalments and the amount received is less than the balance of the invoice, then Profit checks whether the combination of payment instalments matches. This matching is also based on a sorting by age, just as the matching at the invoice level.

To process a bank statement automatically:

  1. Go to:Financial / Enter / Bank statement.
  2. Select the read bank statement.
  3. From here, follow the procedure described in Process a bank statement.

See also:

Directly to

  1. Perform an automatic (partial) collection with payment instalments
  2. Configure automatic collection
  3. Add payment/collection instalments
  4. Record the collection settings per debtor
  5. Add a sales invoice with payment instalments
  6. Journalise a sales invoice
  7. Change/view an outstanding item with payment instalments
  8. Automatic collection
  9. View and change a collection order with payment instalments
  10. Process bank entries with payment instalments