Simplify the management of bounced transactions with the all-new Bounce Mapping feature. This feature automates the posting of reversal entries for both bounced payments and receipts by mapping designated voucher types, ensuring accuracy and saving time.
How It Works:
Navigate to Configurations > Accounts > General.
Enable the Bounce Mapping toggle button.
Two rows will appear:
Payment Bounce Mapping: Map a Receipt Voucher Type to automatically handle reversal entries when a Payment transaction bounces.
Receipt Bounce Mapping: Map a Payment Voucher Type to automatically post reversal entries when a Receipt transaction bounces.
Select the appropriate voucher type from the dropdown list (single voucher selection with filtered options).
Key Benefits:
Automated Reversals: No more manual adjustments—bounce entries are automated based on mapped voucher types.
Improved Accuracy: Reduce errors and ensure consistent accounting for bounced transactions.
Time-Saving: Eliminate the hassle of manually managing bounced payment or receipt entries.
Customizable Mapping: Flexibly map the appropriate voucher types as per your business requirements.