This method of payment is used when the payment is not directly dealt with the Supplier instead a Third Person or a Mediator is involved in it where in the Bank Account does got effect immediately due to clearing time consumed for Check.

Once the mediator confirms the check is cleared then on that particular date we can transfer from Intermediate account to Bank Account which will help in Bank Reconciliation.

Follow the below steps to work with Bridging Payment

Step 1: Create Bridging Method of Payment

Navigation: Accounts Payable > Setup > Payment > Method of Payment

Create New method of payment
Enter a Name and Description
Under the File formats tab, select Check in the Export method
Under the General tab, Posting enter the information as shown below
Save and close the form

Step 2: Create a Payment Journal

Navigation: Accounts Payable > Journals > Payment Journal

Create new Journal
Select a Journal name
Click Lines to enter the voucher details

Enter Payment details
Select Payment date, Vendor Account, description
Select the invoice from Functions button, Settlement option for which payment is to be made
Select the Method of Payment as “Bridging” and notice the Offset account type and Offset ledger account are defaulted from Setup done in Method of Payment
Generate Check through Functions button – Generate Payments and view the Check number generated “401”
Validate and Post the journal
Verify the vouchers posted