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What is account reconciliation?

By
Rafael Reuber
on 3/2/14, 12:43 PM 3,738 views

When I tried to pay customer invoice I got the error: "The account is not defined to be reconciled!"

To stop this error message I should open the account defined in my invoice, and set to active Allow Reconciliation check box in account form.

What it's mean? What's the impact to active reconciliation to a account?

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Ray Carnes

--Ray Carnes--
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Ray Carnes
On 3/2/14, 1:31 PM

Reconciliation refers to a process that compares two sets of records to make sure they are in agreement. In this case, the invoice amount should equal the payment amount - reconciliation is matching the two so that they 'cancel each other out' marking the invoice as paid.

Your system is not configured in a way that supports reconciliation on the account(s) you are using for invoicing.

https://doc.openerp.com/book/3/3_7/accounting_workflow/#reconciliation-and-payments

https://doc.openerp.com/book/1/1_3_Real_Case/1_3_Real_Case_db_setup/

A Chart of Accounts with correct settings will help with this - choose one of the existing Charts and get things working smoothly before making changes.

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Asked: 3/2/14, 12:43 PM
Seen: 3738 times
Last updated: 3/16/15, 8:10 AM