Approving matched transactions

AR Management - This article will describe the process for approving the bank statement transactions, to validate they have been properly matched.

Required packages and permissions

Available with:  Lumary 22.82 and later

Permission: Lumary AR - AR Management & Lumary AR - EFT Matching

Lumary AR Management features do not necessarily come as standard. If these features are not available to your users, please contact your Account Manager.

This feature currently does not handle transactions from credit card payment gateways or refund transactions. These transactions should be ignored in the matching process and handled manually.

To approve the matched transactions, follow the below steps:

1. Navigate to the Bank Statement
2. Click the Requires Approval tab, this is where you are presented with all the transactions that need approval before the Statement can be Finalised and payments can be generated.
3. Use the checkbox on the left of each transaction to indicate the transaction(s) you have reviewed and want to approve.
4. Use the green Approve Selected items button at the bottom of the list to approve those transactions.
5. Continue this process until all transactions have been approved.

Once all transaction items are approved, you can finalise the statement and generate payments.