The automation setup is available in two directions, overpayments and underpayments.
- Go to Setup > ZoneReconcile Setup > Setup payment difference reasons first.
- Set your Payment diff threshold: based on a percentage or a fixed amount (absolute value).
- Select a payment difference reason for OVER or UNDER payments: if the potentially matched transaction differs within the set threshold, it will be matched, mark as paid and the difference will be captured in a newly created Journal Entry posted against the GL account set on the Payment Difference Reason’s record.
Auto application takes place on statement import or through Single value matching. Changing an automatically applied payment difference reason is possible through the popup of the statement itself.
Each Bank Account configuration can hold a different setup. The automation is supported for Open and Closed transactions.