Payment Differences may be handled directly from the bank statement. To do so, payment difference reasons must be setup. A payment difference reason determines how the payment difference is posted in the general ledger.

6 predefined payment difference reasons come with the app, but they are inactivated by default. Administrators may add more payment difference reasons.

Setting up Payment Difference Handling

Enable the feature under Setup > Company > General Preferences > Custom Preferences > Fast Four Bank Reconciliation
Go to Setup > Bank Reconciliation Setup > Setup Payment Diff Reasons
Click on Show Inactives
Review the standard reasons and activate if you wish to use them.
For the standard reasons Bank Fees (customer), Bank Fees (vendor) and Exchange Rate, edit the reasons and select the appropriate account.
IMPORTANT

When a payment difference rule is active but none of the rules for difference handling is selected (i.e. an account, create deposit etc), this may result in incorrect transactions when using these reasons on the bank statement. Make sure at least one of the payment difference handling options is selected.
Add additional reasons as you require

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