Prerequisite:

• Please understand the Two steps vs. Three steps reconciliation process before reviewing this document.
• Extra information: Video - Payment and outstanding account

After understanding the two steps vs. three steps reconciliation process, let's check out the 18.3 bank reconciliation list view.

Video

Workflow A Two steps

1. Create an invoice $250
2. Ignore the 'Pay' button on the invoice. Now the invoice payment status shows ' Not paid'.
3. Create a bank statement line $250. This step is to simulate the client pay the money and the bank reflect the reception of full amount of money.
4. On the bank reconciliation list view -> Click on 'Reconcile' button -> Select the invoice created in step 1.
5. Check the invoice from step 1. The payment status shows 'Paid'.
6. Complete the reconciliation process

Setting for Workflow B Three steps

1. Create 'outstanding accounts'
2. Associate outstanding accounts to the bank journal

Workflow B Three steps

1. Create an invoice $750
   
   
2. Click on 'Pay' button on the invoice. Select the bank journal and the payment method. ​Make sure the payment method has the outstanding account from the setting steps.
   Now the invoice shows 'In payment'
   
   
3. If you open the payment icon, open the 'journal entry' that is PBNKxxxx, the payment ​journal entry is ​Credit 'Account receivable', Debit 'Outstanding receipt'.
   
   
4. Create a bank statement line $750. This step is to simulate the client pay the money and ​the bank reflect ​the reception of full amount of money.
   
   
5. On the bank reconciliation list view -> Click on 'Reconcile' button -> Select the payment ​created in step 2 ​that is PBNKxxxx.
   
   
6. Check the invoice from step 1. The payment status shows 'Paid'.
   
   
7. Complete the reconciliation process