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What are the risks related to the FC285 rule related to Bank Reconciliation vs Bank Statement Mapping?

Statement mappings control important cash management settings such as tolerances for clearing and the account to which Misc Receipts are charged.  Various risks include errors in the bank reconciliation, inappropriate charges to accounts for tolerances and misc receipts.  This could also lead to inappropriate balances in cash and liability accounts at month end due to inappropriately cleared transactions or failure to clear transactions that did clear the bank.