Hi All
Former Snowy River Shire Council utilises Macquarie Bank for DEFT payments.
The bank has changed its processes and now is holding any cheque payments until the funds are cleared. Therefore we receive the file with payment to be allocated to the property however council has yet to receive the funds from the bank. When this occurs the banking v’s the downloads will not reconcile.
Is there any other Council experiencing the above and is so would you mind sharing how you reconcile the bank?
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