What this tab is for
Wire Transfers is the reconciliation workspace for imported bank transactions.
It is usually split into:
- transfers still to be handled
- transfers already handled
What staff can review
For each transfer, staff can check:
- bank account source
- amount
- counterpart name
- counterpart reference
- remittance information
- value date
Main actions
From this page, a transfer can usually be:
- linked to the correct finance item
- rejected
- unlinked again if it was matched incorrectly
Good practice
- reconcile transfers regularly instead of letting the list build up
- compare both the amount and the reference before linking
- unlink and correct a transfer quickly if it was matched to the wrong item