Dynamic FactBox Captions

Business Value

The Bank Transaction FactBox shows the details supplied by the bank for the selected line in the payment reconciliation journal. The counterparty of a transaction is always delivered in the same fields by the bank – regardless of whether the transaction is an incoming or an outgoing payment. A fixed caption for those fields is therefore misleading in half of the cases: for an outgoing transfer the counterparty is not the sender, but the recipient.

With dynamic FactBox captions the caption follows the direction of the transaction, and only the details that are actually available are shown.

Feature Description

Counterparty: sender or recipient

The counterparty details are captioned depending on the amount of the bank transaction:

• For an incoming payment (positive amount) the Sender group is shown.
• For an outgoing payment (negative amount) the Recipient group is shown.

In both cases the same details are displayed – Name, Bank Name, Account No. and IBAN – but under the caption that matches the direction of the payment. Details the bank did not supply are hidden instead of appearing empty.

Purpose

The purpose text is prepared for the narrow FactBox: it is broken at the line breaks supplied by the bank and additionally at word boundaries into sections of at most 35 characters, and rendered across up to ten lines. Lines that are not needed stay hidden, so no empty lines appear.

As long as the transaction is still sitting in a payment reconciliation journal, you can click a purpose section to go straight to the reconciliation rules for that transaction.

Classification

The Classification group only appears when the transaction has been classified or when manual review is required. The Needs Manual Review indicator is highlighted.

For more information, see Bank Account Reconciliation.