Manual matching reconciles checks with their corresponding invoices/sales order numbers. This process is crucial for ensuring accurate financial reporting and preventing errors.
Schedule regular check-matching sessions - It is important to designate a specific time and frequency for manual check-matching to ensure consistency and accuracy.
Review all information carefully - Before matching a check to an entry, review all relevant information, such as the check number, date, and amount, to ensure accuracy.
Keep track of discrepancies - In case of any discrepancies, document them thoroughly and investigate the issue to determine the cause.
If you do not manually match your checks regularly, bank reconciliation will fail.
Feel free to reach out to Paystand Support for questions or if you need any help.