Processing a bank statement for reconciliation

  1. Login to CloudSuite Distribution (CSD) application.
  2. Access the Bank Reconciliation widget in In-Context widget panel.
  3. Click Bank Reconciliation. The Import Bank Statement window is displayed.
  4. Click the Browse icon and select a bank statement in a supported format, on the Upload Statement page. The file name and status related to the uploaded file are displayed.
    Note: You can also drag a bank statement to the upload area.
  5. Click Next. The Extract & Identify page is displayed. The Statement Date and Ending Balance fields are populated from the uploaded statement. You can modify these values.
  6. Select a bank name for the extracted transactions, in the Bank field.
  7. Click Next. The Convert Format page is displayed, and the statement transactions are converted to the CSD import format.
  8. Click Create Transactions. The Create Transactions page displays the transaction import results. The created transactions are available on the Reconciliation Center screen.
    Note: If reconciliation data already exists for the selected bank and statement, a confirmation window is displayed. Click Yes to add the transactions to the existing records or click No to cancel the action.
  9. Click one of these options:
    • Close & View in Grid: Closes the window without generating matching rules and displays the reconciliation batches in the widget.
    • Generate Matching Rules: Uses Gen AI to generate matching rules from the extracted transaction information. When rule generation is complete, the Generated Rules Review window is displayed.
  10. Review the generated rules and modify, if required.
    Note: To remove generated rules before saving, select the rules and click Delete Selected.
  11. Click Save & Close. The rules are saved and are available on the Reconciliation Rule Setup screen. The Create Transactions page displays the transaction and rule-generation results.
    Note: Existing rules are not created again. If matching rules already exist, the Create Transactions page displays the number of existing rules.
  12. Click Close & View in Grid or the Cancel icon. The Import Bank Statement window closes, and the reconciliation batches are displayed in the widget.
    Note: 

    • You can perform these actions in the widget:

      • Click +Import Statement to import another bank statement.
      • Click a bank name to view the bank reconciliation details.
    • Matching rules are not automatically applied to the imported transactions. To apply the rules, you must use the Rule Matching option on the Reconciliation Center screen. For more information, see Performing a rule matching with CR Reconciliation Center.