How do you reconcile payment instructions and transactions in Payment Plus?

In Payment Plus, reconciling payment instructions and transactions primarily involves utilizing the built-in functionality of Automatic Matching. This feature allows the system to efficiently and accurately match the majority of payment instructions with their corresponding transactions. By accessing Online, users benefit from this automation, which reduces the workload involved in manual reconciliations.

This approach not only enhances efficiency but also increases accuracy, minimizing the risk of errors that can occur with manual processes. Using automatch means that most entries will align automatically, allowing users to focus on any discrepancies that may arise, rather than reviewing all transactions individually.

The other choices present less effective methods for reconciliation. Relying only on verbal confirmations lacks the reliability and traceability that documented processes provide. Ignoring the automatch feature and manually checking every transaction would be time-consuming and inefficient. Lastly, suggesting that only exceptions need manual matching might lead to oversight of potential errors in matched records, which can have implications for financial accountability and accuracy.