Bank Account Reconciliation Context Words

With context words, 365 business Banking gives partial document numbers in the payment reference more weight, for example in bulk transfers.

Business Value

During payment reconciliation, document numbers are extracted from the payment reference of incoming bank transactions to automatically match open entries. Partial document numbers are also considered. To improve recognition accuracy, especially for bulk transfers with multiple document numbers in the payment reference, context words can be defined that increase the weighting of a recognized partial document number.

Feature Description

365 business Banking analyzes the payment reference of imported bank transactions and searches for document numbers. Using the Bank Account Reconciliation Context Words, the recognition of partial document numbers is improved. If the payment reference contains one of the stored context words, a recognized partial document number is weighted more strongly. A context word with the Strength Strong has a greater effect than one with Weak. With Type, you define whether a context word applies to customers, vendors or both.

When 365 business Banking is installed, common context words are automatically preconfigured. These can be extended or adjusted at any time.

For more information on setting up context words, see the article Bank Account Reconciliation Context Words.