Bank Statement - Distribute amount functionality

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Hi Everyone,

In Bank statement form, What is the purpose of distribute amount button. In this form how can i separate the amount into Bank charges and statement amount for bank reconciliation process.

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RE: Bank Statement - Distribute amount functionality

The distribute amounts will be used for any bank transactions that are marked as New. Transactions marked as new are used for bank fees or any transactions that are not in AX but are on the bank statement. Once marked as new, you can use the distribute amounts button to allocate the charge to different GL account or dimensions. Once your bank statement is reconciled, you have to come here and post the statement in order to post the new one in the GL.

Any other transactions that should be reconciled with activity in the system should not be marked as New.

Hope that helps.

Thanks,

Caroline.

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