How to manually reconcile MYOB Acumatica disbursements from Pencil

To manually reconcile disbursements from Pencil in your MYOB Acumatica instance follow these steps:

1. Log into your MYOB Acumatica instance.
2. Go into Bills and Adjustments.
3. Check all the bills created for the transaction fees.
4. One by one, open each bill and click RELEASE and mark as PAID.
5. Select the "Payment Method" = PencilPay and "Cash Account" = Pencil Clearing Account.
6. Add a "Payment Reference" and click RELEASE.
7. Go to: Banking -> Funds Transfers -> click the + (add) button.
   1. Enter a description.
   2. Select the SOURCE ACCOUNT = Pencil Clearing Account.
   3.  Enter the disbursement amount.
   4. Select the DESTINATION ACCOUNT = the bank account the funds were disbursed into.
   5. Click on RELEASE.
8. Next go to Banking -> Process Bank Transactions -> click on the bank account the funds are disbursed into.
9.  In the right window under MATCH TO PAYMENTS -> select the payment to match from Step 6 above -> click PROCESS.
10. Optional Step -> Next go to Banking -> Reconciliation Statements -> click on the + (add) button -> select the "Cash Account" = the bank account the funds are disbursed into -> enter the current balance in the bank account -> click RELEASE.

See below video for examples.