Check to Check Matching

 

Default: On

Possible Settings: On or Off

Attributes: Records are matched using check number and amount.

 

The match will be a cleared check from the bank to an issued check on the general ledger.

 

Sign of the checks must be the same (negative to negative).  A cleared check will not match a voided check, even if the amounts and check numbers are the same as the signs will be different.

 

Exceptions Generated

 

Cleared check on bank side without corresponding entry on general ledger is marked "Check Cleared bank, no G/L record" (Exception #310)

Cleared check on bank side already matched against the general ledger (regardless of amount) is considered a duplicate clearing check and is marked "Check cleared more than one" (Exception #115)

Cleared check on bank side matched an entry in the general ledger, but the amounts do not match is marked "Bank amount differs from G/L amount" (Exception #110) on bank side and "G/L amount differs from Bank amount" (Exception #210) on general ledger side.

All remaining issued checks are marked as Outstanding Checks (Exception #498).