Batch Total

Batch total is used before entry of several transactions to specify their totaled value.

During transaction processing, a continual sum is kept until this equals the batch total. Only then can processing be ended or the batch total changed.

Batch total can be used in a number of functions in the financial system as specified for each FAM function in ’FAM Function. Open’ (CRS405).

Using batch totals can be advantageous when reconciling a bank account statement in ’Account. Reconcile Externally (GLS180). The total for the period as shown in the bank statement can be used as the batch total for processing.

When using batch total, a running total is kept as each transaction is then checked off in the statement. After all the transactions are marked, the running total should equal the pre-entered batch total value (that is, the period total from the statement).