reconciling outside payroll (think ADP) bank account in FE NXT

Jamie Pillsbury - YPTC

We use an outside payroll provider. We do print manual checks for those not on direct deposit. Those checks are not written through FE and so do not show up in the system. I have been doing the bank reconciliation in Excel. Would like to do it in NXT, but wondering what the preferred method of getting that information into the system is? Thanks!

Kevin Brazell

@Jamie Pillsbury - YPTC
any payments you need to see that are outside FE you could use Payment Bank Adjustments. They let you log the information int he bank register ( and post it to the GL as well if needed). And then they are there for you to clear during the bank reconciliation.

Susan Smith

@Kevin Brazell We're now implementing BB and in testing phase - would we follow a similar process for processing bill.com payments? We could import bill.com invoices/bills, but I see that payments cannot be imported.

Kevin Brazell

@Susan Smith
you could do payment adjustments, as long as you're not logging the invoices in AP in FE. If you're going to use AP to log the invoice to accrue the expense, then you'd need to either pay the invoice ( using band draft typically in FE), or do a credit memo to satisfy the balance of the invoice and then do a payment adjustment. The credit memo would just lower the balance and can “pay” the invoice with a business rule turned on, so your invoices don't all show open on your AP reports.