Applying split rules automatically
You have the option to assign split rules either automatically or manually. Automatic assignment allows you to apply rules based on bank transaction codes, or search for specific rules to manage foreign credit transfers, returned direct debits, or multi-account transactions. For manual assignment, simply use the Apply Split Rule action in the Bank Account Reconciliation or Payment Reconciliation Journal to apply the rules as needed.
To automatically assign a split rule to a bank transaction code rule
Assign a split rule to a bank transaction code to automatically apply it to specific transactions, such as foreign credit transfers, returned direct debits, or fee-based transactions.
To apply a split rule automatically by assigning it to a bank transaction code rule:
- On the Bank Transaction Code Rules page, select the relevant line and in the Split Rule Code column, enter the code of the rule you want to assign.
- Make sure to run automatic matching after completing these steps to apply the changes.
To automatically assign a split rule to search rule
Assign a split rule to a search rule when the transaction amount needs to be divided across multiple accounts.
To apply a split rule automatically by assigning it to a search rule:
- On the Search Rule page, select the relevant rule and in the Split Rule Code column, enter the code of the rule you want to assign.
- Make sure to invoke the automatic matching after completing these steps to ensure the changes take effect.