Clear bridged customer payments automatically during bank reconciliation

Business value

Automatic clearing of customer payments streamlines the bank reconciliation process by eliminating manual clearing of bridge transactions, reducing reconciliation errors and ensuring general ledger balances are accurate and up to date. This improves operational efficiency, strengthens auditability in payment scenarios, and increases confidence in using automated bank reconciliation at scale.

Feature details

The feature automatically clears bridge transactions generated from customer payments when the bank reconciliation completes. It posts clearing journals in a centralized payment legal entity. The legal entity and related party details are displayed on reconciliation and inquiry pages, improving traceability and auditability. The feature supports all customer types, including both same-company and intercompany scenarios.