{"id":129,"date":"2018-07-30T07:18:05","date_gmt":"2018-07-30T07:18:05","guid":{"rendered":"https:\/\/www.greytrix.com\/blogs\/sagebusinesscloud\/?p=129"},"modified":"2023-10-04T10:33:30","modified_gmt":"2023-10-04T10:33:30","slug":"sage-financials-bank-reconciliation-split-transactions-option","status":"publish","type":"post","link":"https:\/\/www.greytrix.com\/blogs\/sageintacct\/2018\/07\/30\/sage-financials-bank-reconciliation-split-transactions-option\/","title":{"rendered":"Sage Financials Bank Reconciliation – Split transactions option"},"content":{"rendered":"

You may come across a situation where you need to reconcile multiple transactions against single transaction appearing on your bank statement.  Say you received a single receipt from your customer against multiple invoices or you paid one check for multiple supplier invoices.<\/p>\n

Using the Matching screen in Sage Financials you can easily reconcile multiple transactions using Split option.
\nIn the below-mentioned example; we have 3 open sales invoices.<\/p>\n

\"sage<\/a><\/p>\n

To proceed with bank reconciliation here we are importing bank statement in CSV file format.<\/p>\n

\"importing<\/a><\/p>\n

After importing bank statement; on Matching screen we notice a Credit transaction from a customer.<\/p>\n

\"matching<\/a><\/p>\n

Since this is a receipt from a customer; we will select Type \u2013 Customer Receipt<\/strong>.<\/p>\n

This will load all unreconciled invoices under Outstanding Items table.<\/p>\n

\"unreconciled<\/a><\/p>\n

Then select the individual invoices.  Here we have selected all 3 open sales invoices for this customer.<\/p>\n

\"customer<\/a><\/p>\n

After selecting the required transactions click Split<\/strong>.  This will open a window where we can insert the amount to be allocated to each transaction.<\/p>\n

\"sage<\/a><\/p>\n

Note:<\/strong> When using the Split<\/strong> option, the maximum transactions to be allocated against a bank payment\/receipt is 14.<\/p>\n

Once the allocation is done; click Validate<\/strong>.<\/p>\n

\"transactions<\/a><\/p>\n

After validating the transaction; notice that Matching screen shows 3 customer receipt transactions matched to the single credit transaction with an appropriate allocated amount.<\/p>\n

\"matching<\/a><\/p>\n

Now after completing the Matching; from Bank Takings select the statement\/journal you just reconciled and click Post<\/strong>.<\/p>\n

\"bank<\/a><\/p>\n

After posting; you can see all 3 sales invoices are marked as Paid<\/strong>.<\/p>\n

\"bank<\/a><\/p>\n

Hope this helps!<\/p>\n

About Us<\/strong><\/span>
\nGreytrix<\/a><\/u> is a one-stop solution provider for Sage ERP and Sage CRM needs. We provide complete end-to-end assistance for your technical consultations, product customizations, data migration, system integrations, third-party add-on development and implementation expertise.<\/p>\n

Greytrix<\/a> caters to a wide range of Sage Business Cloud Solutions such as Sage Enterprise Management (Sage X3)<\/a>, Sage Financials (Sage Live)<\/a>, Sage Intacct<\/a> and Sage Accounting (Sage One). Our unique GUMU\u2122 integrations include Sage Intacct with Sage CRM<\/a> | Salesforce, Sage Enterprise Management with Sage CRM<\/a> | Salesforce.com<\/a> and Magento eCommerce<\/a>. We are migration specialists for Sage Intacct and Sage Enterprise Management from Sage 50 US, Sage Pro, Sage 100<\/a>, Sage 300<\/a> and QuickBooks<\/a>. We also offer best-in-class Consulting, Implementation and Technical Support for Sage Enterprise Management<\/a>, Sage Intacct<\/a> and Sage Financials<\/a>. We have developed applications integrations for Sage Enterprise Management<\/a>, Sage Intacct<\/a> and Sage Financials <\/a>to Sage business partners, resellers and Sage PSG worldwide.<\/p>\n

For more information on Sage Business Cloud Solutions, please contact us at sagecloud@greytrix.com<\/a>. We will be glad to assist you.<\/p>\n","protected":false},"excerpt":{"rendered":"

You may come across a situation where you need to reconcile multiple transactions against single transaction appearing on your bank statement.  Say you received a single receipt from your customer against multiple invoices or you paid one check for multiple supplier invoices. Using the Matching screen in Sage Financials you can easily reconcile multiple transactions\u2026 Read More »<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[48,49,50,9,12,51,52,15,16,53],"class_list":["post-129","post","type-post","status-publish","format-standard","hentry","category-sage-financials","tag-bank-reconciliation","tag-integration-with-sage-financials","tag-matching-screen-in-sage-financials","tag-sage-business-cloud","tag-sage-financials","tag-sage-financials-bank-reconciliation","tag-sage-financials-consulting","tag-sage-financials-customization","tag-sage-financials-development","tag-sage-financials-technical-services"],"yoast_head":"\nSage Financials Bank Reconciliation - Split transactions option - Sage Intacct \u2013 Tips, Tricks and Components<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.greytrix.com\/blogs\/sageintacct\/2018\/07\/30\/sage-financials-bank-reconciliation-split-transactions-option\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sage Financials Bank Reconciliation - Split transactions option - Sage Intacct \u2013 Tips, Tricks and Components\" \/>\n<meta property=\"og:description\" content=\"You may come across a situation where you need to reconcile multiple transactions against single transaction appearing on your bank statement.  Say you received a single receipt from your customer against multiple invoices or you paid one check for multiple supplier invoices. 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