diff --git a/erpnext/accounts/doctype/bank_transaction/bank_transaction.py b/erpnext/accounts/doctype/bank_transaction/bank_transaction.py
index c9376e242a6423ac4b99ecd8460826b5b5c3f022..de796be8df7aee1b0db8696bb6611853120de035 100644
--- a/erpnext/accounts/doctype/bank_transaction/bank_transaction.py
+++ b/erpnext/accounts/doctype/bank_transaction/bank_transaction.py
@@ -102,7 +102,7 @@ class BankTransaction(StatusUpdater):
 
 	def on_submit(self):
 		self.set_payment_entries_clearance_date()
-		self.set_status()
+		self.set_status(update=True)
 
 	def before_update_after_submit(self):
 		self.check_bank_account_head()
@@ -248,7 +248,7 @@ class BankTransaction(StatusUpdater):
 		frappe.get_doc(payment.payment_document, payment.payment_entry).set_status(update=True)
 
 	def set_allocation_in_bank_transaction(self):
-		allocated_amount = (
+		allocated_amount = flt(
 			sum(
 				[
 					flt(x.get("allocated_amount", 0)) * (1 if x.get("payment_type") == "Debit" else -1)
@@ -256,17 +256,22 @@ class BankTransaction(StatusUpdater):
 				]
 			)
 			if self.payment_entries
-			else 0
+			else 0,
+			self.precision("allocated_amount"),
 		)
 
 		transaction_amount = flt(self.credit) - flt(self.debit)
 
-		self.allocated_amount = flt(allocated_amount) if allocated_amount else 0
+		self.allocated_amount = (
+			flt(allocated_amount, self.precision("allocated_amount")) if allocated_amount else 0
+		)
 		self.unallocated_amount = (
-			(transaction_amount - flt(allocated_amount)) if allocated_amount else transaction_amount
+			flt(flt(transaction_amount) - flt(allocated_amount), self.precision("unallocated_amount"))
+			if allocated_amount
+			else flt(transaction_amount, self.precision("unallocated_amount"))
 		)
 
-		if transaction_amount == self.allocated_amount:
+		if self.unallocated_amount == 0.0:
 			self.status = "Reconciled"
 
 	def check_reconciliation_amounts(self):