Reconcile Bank Transactions

You can use bank reconcile for the transactions that are cancellation without using the standard or advance bank reconciliation.

For this purpose, you need to select the bank transaction.

Then use bank document list.

Select the transactions to be settled.

 There should be two transactions to be selected

Then use reconcile transactions

There may be an error message;

The criteria to reconcile have not been met. You can reconcile either a single canceled check or two transactions. To reconcile two transactions, the document type must be Other, and the documents must have the same bank account, transaction type, payment reference and have opposite amounts.

This means the transactions that are selected must have

-Document Type as other

-Same bank account

-Same transaction type

-Same Payment Reference

- Have opposite amounts.