Introducing payment application proposals
A payment application proposal represents a potential match between a bank statement line and an open ledger entry. When automatic matching runs, it examines each bank transaction and searches for matching entries in your system using multiple matching strategies. Each potential match becomes a payment application proposal.
When you apply a proposal on a bank statement line, the related ledger entry is applied. When this application is posted, the bank statement line is reconciled. In Banking Import, posting the application automatically reconciles the bank statement line.
Key features:
- Automatic matching - identifies potential matches using various strategies.
- Review before applying - examine proposals, adjust if needed, then commit.
- Handles complexity - supports discounts, partial payments, multiple currencies, and tolerances.
- Prevents errors - ensures that entries are not applied twice and validates amounts.
- Saves time - auto-applies when matches are certain and supports batch operations.
- Full transparency - shows how matches were found and maintains an audit trail.
The articles in this section explain how payment application proposals work in practice and how you can review, refine, and apply them during reconciliation. Use the following articles to learn more:
- Reviewing payment application proposals - learn how proposals are presented and how to inspect them.
- The payment application proposal page - understand the fields, filters, and actions available on the proposal page.
- Applying payment proposals - see how to apply proposals and complete reconciliation.
- Payment application proposals FAQ - find answers to common questions about matching, accuracy, and troubleshooting.