I'm wondering how others are using the 'post payments and reconcile bank account' function in the payment reconciliation journal. If you reconcile as well does that mean you would only post once per month and the journal would contain lines for the whole month?
I was thinking the payment reconciliation journal is good to bring daily vendor/customer payments from your bank not yet registered in the system, but unless i am missing something the reconciling function only works if you're doing this once a month? If you're reconciling the daily transactions, that creates a posted bank statement for each day and that doesnt really work
