Financial reconciliation of web batches

 A lot of organizations backdate their batches when posting to the date the batch was opened.  As long as you have the proper permissions, you can adjust the posting date prior to posting a set of batches, so that the posting aligns with the transactional dates.  Instead of posting Friday’s web batch with today’s date (Monday, 27 July), you can post it as Friday, 24 July, and all GL postings will be marked as Friday, which corresponds to the web transactions occurring on Friday.

There are other parameters here that affect a web batch (such as when the batch is closed every day), but that’s one solution.

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Ryan Creps

Network Developer |Tessitura Network, Inc

I'm curious what solutions various organizations have come up with to get around the problem of having to manually post web batches.  When someone orders something online from our organization not between the hours of 9am-5pm, the web batch that's created isn't posted until the next day, or over the weekend as the case may be.  This creates a problem for our finance office as the transactions are showing up on the day they were made rather than the day they were posted.  Does anyone have any thoughts on how to avoid this problem?  Thanks!

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 A lot of organizations backdate their batches when posting to the date the batch was opened.  As long as you have the proper permissions, you can adjust the posting date prior to posting a set of batches, so that the posting aligns with the transactional dates.  Instead of posting Friday’s web batch with today’s date (Monday, 27 July), you can post it as Friday, 24 July, and all GL postings will be marked as Friday, which corresponds to the web transactions occurring on Friday.

There are other parameters here that affect a web batch (such as when the batch is closed every day), but that’s one solution.

______________________________________

Ryan Creps

Network Developer |Tessitura Network, Inc

I'm curious what solutions various organizations have come up with to get around the problem of having to manually post web batches.  When someone orders something online from our organization not between the hours of 9am-5pm, the web batch that's created isn't posted until the next day, or over the weekend as the case may be.  This creates a problem for our finance office as the transactions are showing up on the day they were made rather than the day they were posted.  Does anyone have any thoughts on how to avoid this problem?  Thanks!

This message was sent automatically to you by www.tessituranetwork.com because you subscribed to the Tessitura Ticketing Forum. You may reply to this message to post to the Ticketing forum or visit the site to search, read and post to the forums. In the interest of keeping the forum posts from becoming cluttered, we encourage you to delete previous message text from your reply before sending. Thank you!

Checked by AVG - www.avg.com
Version: 8.5.392 / Virus Database: 270.13.22/2253 - Release Date: 07/26/09 17:59:00