You sometimes wonder why there was no automatic reconciliation proposal suggested by Agicap when the bank transaction is present? That the amount is the same between the committed invoice and the bank transaction?
On Agicap, it is possible to reconcile in two ways:
🔹 Either by doing a simple, multiple or partial reconciliation manually;
🔹 Or by validating the reconciliation suggestion proposed by the Agicap algorithm!
Find out how the reconciliation suggestion works on Agicap :
🔎 Where to find the "Reconciliation Suggestions" functionality?
The Reconciliation Proposals button is located in two places:
at the Bank tab 💸 at the top left of the blue banner
At the Expected tab 📆 just to the right of the Bank tab
🕑 When and how are reconciliation suggestions updated?
Reconciliation proposals are updated at 2 times:
at each bank synchronization
When clicking on the following button on the "Expected Invoices" page:
🔣 What determinants are taken into account in the reconciliation suggestions?
Several criteria give a "consistency" score between a paid invoice and an expected invoice. If the score is high, there will be a reconciliation proposal 👍
The categories
The amounts
The payment date
The bank account
The headings
💡 Good to know: No one criterion is decisive, it's an overall score 😊
💡💡 Good to know: Each of the criteria can decrease the score if it is not met at all and therefore prevent a proposal for a match.
Example: if two transactions have the same amount, the same category, the same title, but 1 year difference between the two settlement dates, the reconciliation will not be proposed.