When a bank statement is imported it normally impacts the bank reconciliation straight away. With the option to create a new bank statement in a pending state, users have the ability to bring a bank statement in without it affecting the reconciliation until it is manually approved.
Users might want to take advantage of this option if the person importing the daily bank statement file isn't the same person processing it. They don't have to coordinate with each other as to whether they are ready for the next day's file - simply import when it's available and the accounting team can approve it when it suits them. This is also helpful for when a team member is away for a couple of days. Statements can be imported as normal, but they won't be approved until they are ready to be processed.
Pending bank statements also unlock some other features in Re-Leased. The ability to import a CSV with more than one bank account benefits from multiple statements being created as pending, as well as future automatic bank statement integrations.
To turn on 'pending bank statements' for your account, just select the option under the trust/client account settings.
Once a bank statement is imported as pending, it can be either approved or deleted. The main bank statement panel also shows you if there are any pending bank statements.
Once a pending bank statement is approved, it changes to a normal bank statement, the bank statement balance is increased and you can now reconcile transactions as normal.