Apply the payment amount on a journal line to a sales or purchase document that was already posted for a customer or vendor. This updates the amount on the posted document, and the document can either be partially paid, or closed as paid or refunded.

Select one or more ledger entries that you want to apply this record to so that the related posted documents are closed as paid or refunded.

Reconcile unpaid documents automatically with their related bank transactions by importing a bank statement feed or file. In the payment reconciliation journal, incoming or outgoing payments on your bank are automatically, or semi-automatically, applied to their related open customer or vendor ledger entries. Any open bank account ledger entries related to the applied customer or vendor ledger entries will be closed when you choose the Post Payments and Reconcile Bank Account action. This means that the bank account is automatically reconciled for payments that you post with the journal.

Reconcile unpaid documents automatically with their related bank transactions by importing a bank statement feed or file. In the payment reconciliation journal, incoming or outgoing payments on your bank are automatically, or semi-automatically, applied to their related open customer or vendor ledger entries. Any open bank account ledger entries related to the applied customer or vendor ledger entries will be closed when you choose the Post Payments and Reconcile Bank Account action. This means that the bank account is automatically reconciled for payments that you post with the journal.

Apply open entries for the relevant account type.

Pay the invoice as specified in the default Payment Registration Setup.

Select one or more ledger entries that you want to apply this record to so that the related posted documents are closed as paid or refunded.

Review and apply payments that were applied automatically to wrong open ledger entries or not applied at all.

Review and apply payments that were applied automatically to wrong open entries or not applied at all.

Reconcile your bank account by importing transactions and applying them, automatically or manually, to open customer ledger entries, open vendor ledger entries, or open bank account ledger entries.

Turn on notifications for the selected fields.

Prepare to automatically create related documents, such as a replacement sales order, a purchase return order, or a replacement purchase order.