The batching process creates gains and advances, which impact the float balance. Batching is completed after reconciliations have been committed for the Trust and IBD ledgers.
Rules
- A batch can be prepared and printed at any time, but cannot be updated until the IBD ledger has been reconciled for the day
- If a transaction has been batched but not reconciled, it may be reversed
- Batches must be dated in the current month (system current month) and cannot be dated in the future
- You cannot create a batch dated prior to an existing committed batch, but it can be dated the same or newer than an existing batch
- A batch can include transactions for any date, up to the date of the batch
- When preparing a batch, if the date is more than three (3) days later than the last batch date, a warning will appear “are you sure you wish to proceed?” If you proceed, you cannot create a batch dated prior to this batch