In this topic:

Payment Matching

Welcome to the TRACT Payment Matching app.

With payment matching, you can process and post payment files, which are statements from a bank or other source that contain transaction data. Payment files include data for Accounts Receivable (AR) transactions such as payments and payment cancellations as well as Non-Accounts Receivable (Non-AR) transactions. Non-AR transactions result in journal entries in a general ledger, like transfers or bank fees.

You can upload payment files manually or pull them into TRACT through an API call or through an SFTP server. Once a file is uploaded and validated, TRACT performs automatic matching on all transactions in the file. AR transactions that are payments match to billing accounts and invoices. AR transactions that are payment cancellations match to billing accounts, invoices, or payments.  Any transactions that aren't matched to a billing account are grouped into a holding account. You can then manually clean up any matches that aren't successful and submit payment files or individual transactions. Submitting a payment file posts transactions in TRACT and records them in your general ledger.

Top