Match and Clear Transactions

Use this process to manually match and clear transactions when online bank activity does not auto-match during refresh or when transactions fall outside the current reconciliation statement period.

Note: Use these steps when you clear transactions in bank feeds with Yodlee. If you are not using Yodlee, Clear Transactions Electronically explains how to match and clear transactions.

1. From a bank account's bank feed or register, select Click here to view and match to open unmatched transactions from both the online bank account and the bank account in Financial Edge NXT.

   Note: You can also open this list during reconciliation. As you compare bank feed and bank register transactions, use the estimates at the bottom of the page to track your cleared transaction balance and GL cash account balance. You can select Save and close and return later. If you do not save and close or reconcile, only adjustments and recorded bank drafts are saved.

2. Select one or more Bank feed transactions to match one or more uncleared Bank register transactions.

   Tip: Match multiple bank feed transactions to a single register transaction, such as a wire transfer and its fee matched to one deposit. You can also match a single bank feed transaction to multiple register transactions. For example, match one automatic vendor payment to two payments in your register. You can't match multiple register transactions to multiple bank feed transactions in a single match.

   • Use Search to locate transactions by description.

   • Select column headers to sort by amount, date, or description.

   • Use transaction count and difference totals at the bottom of the list to confirm your selection.

3. After you select transactions, choose Match and clear. Continue until all required transactions are matched.

   Note: To change an unmatched bank feed transaction to Ignored , select the transaction and then select Ignore selected. The transaction is removed from the unmatched list and appears as Ignored in the bank feed.

   As you match transactions, they are removed from the unmatched list and appear as matched in the bank feed.

4. To add a bank draft to the register, such as when a payment clears online before it is entered in Financial Edge NXT, select Record bank draft. For complete steps, see Record Bank Draft.

5. To add a payment or deposit adjustment to the register, such as when a transaction was entered incorrectly, select Add adjustment. Bank Account Adjustments provides details for creating adjustments.

   Tip: Under Bank register, newly created adjustments are automatically selected so you can quickly match and clear them.

6. To review unmatched transactions for a different account, select Select bank account at the top of the list and choose another account.