Reconcile outstanding items by debtor or creditor

You can reconcile a selection of outstanding items by debtor or creditor.

Profit reconciles the selected lines according to a reconciliation algorithm and automatically generates a general journal entry. Only use this option if you do not automatically write off the item (via an electronic bank statement) or write it off manually via a bank journal or cash book.

For this functionality, you need to authorise the purchase invoices reconciliation and the sales invoices reconciliation.

Reconcile outstanding items by debtor or creditor:

1. Go to:
   • Financial / Debtor / Debtor
   • Financial / Creditor / Creditor
2. Open the properties of the debtor (or creditor).
3. Go to the tab: Outstanding items.

   Profit shows a view with all journalised invoices that have not yet been paid by the relevant sales contact/debtor.

4. Press: Ctrl+S if the column with the check boxes does not appear in the view.
5. Check off the reconciling invoices and advance and other payments. Press Ctrl+A if you want to select the check boxes for all lines in one go.
6. Click on the action: Reconcile.
7. Confirm the reconciliation for the outstanding items.

   The result for the number of outstanding items that have been reconciled appears in the window. You won't get a separate report if Profit has not been able to reconcile all the selected lines according to the reconciliation algorithm. You can see the remaining outstanding items in the view.