Using the Match & Adjust Feature

Sometimes, you may need to match a bank transaction and a Rillet transaction, but the respective amounts don’t perfectly match. For example, a client may make an invoice payment of $1,000, but your bank deducts an international wire fee of $20, so you only receive an actual amount of $980.

In such cases, Rillet offers the option to match two different transaction amounts and adjust the amount recorded for both. This article will explain how to do this.

Matching and Adjusting

To use the match and adjust feature, first choose two transactions with differing amounts that you want to match. Follow the same steps you would to match two equal transactions: 📄 Matching and Unmatching Transactions with Rillet. If the two transactions reflect differing amounts, you’ll see the amount difference displayed at the bottom right side of your screen. You’ll also see a Match & Adjust button appear.

When you click that button, it will open a modal where you can select which vendor you’d like to attribute the difference to. For example, if the difference is caused by a Bank fee, you can select your bank as the vendor (ex. Chase) and select your Bank Fees Account. This will then designate that the fees were incurred from the bank on the adjustment entry Rillet creates.

After selecting a vendor account, you’ll be prompted to fill out a few more details for your journal entry based on your organization's specific fields (Ex. Department).

Once you’ve filled out the minimum fields, click the Create and Match button to create a journal entry for the adjustment. Then, you’re all set!