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jmays
New Member - Level 1

Bank Reconciliation with Concur Invoice

Our Company is new to Concur Invoice and we are using Concur Payments.  The cash leaves our checking account a few days before the payment extract marks the invoices as paid in our ERP.  We reconcile cash daily.  How do you handle that?  Do you use a prepaid Concur account to record the cash coming out of the bank account until the payment extract comes through with the payment information?

1 REPLY 1
MTController
New Member - Level 1

We had to set up a new GL account to record Concur checks, Dr Cash Cr Concur GL.  Same GL is credited when importing Concur invoices (expense); Cr expense Dr Concur GL.