Unmatched transactions are bank entries that don't correspond to any record in Finova. Clearing them is essential to complete your reconciliation.
Common reasons for unmatched transactions
- Bank charges and fees not yet recorded
- Direct bank transfers not entered in Finova
- Salary payments processed outside payroll
- Bounced cheque reversals
- Interest income or penalties
How to clear unmatched transactions
1
In the reconciliation screen, find the unmatched bank transaction.
3
Select the account to post to (e.g., Bank Charges, Miscellaneous Income).
4
Add a description and verify the date and amount.
5
Click Save. The transaction is now matched and your reconciliation difference reduces.
💡Tip: Set up a 'Suspense Account' for transactions you can't immediately identify. Review it monthly and move entries to the correct accounts once clarified.
âš ï¸Note: Never just delete unmatched transactions. Always record them to the correct account — even if it's a minor bank fee — to keep your books accurate.