Bank Rules

Q1: How do Bank Rules work?

• This feature supports Direct Cash Entry reconciliations, with receipt reconciliations in development.

• Users can configure rules to allocate transaction amounts using two methods: Percentage Only and Fixed and Percentage:

  • Percentage Only Allocation

    • Splits transaction amounts into multiple percentage-based allocations.

    • Must total 100% across all entries (max 10 lines).

  • Fixed and Percentage

    • Allocates a fixed amount first, with the remainder split by percentage.

    • If the transaction is less than fixed allocations, it won't be reconciled.

    • Allows negative values for refunds or reversals.

    • Supports up to 10 fixed and 10 percentage lines (total 20 lines).

Q2: How do I create a Bank Rule?

• Go to Reconciliation > Choose a bank account > Unreconciled > Highlight transactions > Quick Reconcile dropdown > Apply Bank Rule > Add new

Q3: Are Bank Rules account specific?

• Yes, they apply to individual bank accounts.

Q4: What if my transaction is less than the fixed allocations?

• It won’t be reconciled—ensure fixed amounts are appropriate.

Q5: Can I edit or delete a rule?

• Yes, modify or remove rules according to your specifications.

Q6: How do I enable dynamic strings in Bank Rules?

• Include the desired placeholders (e.g., {{bankReference}}) while creating or editing Bank Rules.

Q7. What happens if a bank statement does not include certain details?

• If an attribute is missing (e.g., no payee name is provided), the system will omit that dynamic string from the reference instead of leaving it blank.

Q8. Do dynamic strings work with all bank statements?

• Dynamic strings rely on the data available in the bank statement. If a bank does not provide a certain attribute, that specific dynamic string will not populate.