Resolve Difference Value when Reconciling Transactions

If the Difference is not 0.00 when reconciling transactions, the relevant transactions must be added in IRIS Financials.

A transaction needs to be added when: 

  • The transaction is on the bank statement but has not been added in IRIS Financials.
  • An adjustment is required for an existing transaction where only part of the value is displayed.

  • To replace an existing transaction for the wrong value.

    If a transaction is added to replace an existing transaction for the wrong value, the existing transaction must be cancelled.

To add missing transactions: 

  1. On the Manual Match screen, select ADD CASHBOOK.

  2. On Document Input, select: 

    1. The relevant Document type and Input form.

    2. The Document Date and Document Period default to today's date and the current accounting period. The date must be the same date as the date of the transaction. To change the details:

      • For Document Date — Enter the date or select it from the calendar.
      • For Period Date — Select ?, then double-click the required period.

      If the required accounting period is now closed and no longer available, select the next open accounting period.

    3. To display the document input form, select OK.

  3. Enter the details of the transaction.

  4. To post the document, select POST.

  5. To return to the Manual Match screen, close the document input form.
  6. To display the transaction for matching, REFRESH the Manual Match screen, then match the transaction.

    7. REFRESH clears any matched or partially matched transactions.

    If using IRIS Financials Version 7.0.2223, to keep matched or partially matched transactions on the screen, select REFRESH AND RETAIN.

    For IRIS Financials Version 7.0.2258 or later, REFRESH AND RETAIN has been removed and is now done automatically.