What Happens When a Payment is Reconciled?

During automatic reconciliation, Payroll compares payment files and the bank files. Payment information is automatically updated with the reconciliation date, type, and the status of the payment. If there is a discrepancy, the payment is not reconciled. A listing will show the discrepancy.

Manual reconciliation lets you manually compare the payment files to the bank statement. You can manually update the reconciliation date, type, and status of the payment.