Reconciliation process by type of reconciliation

The reconciliation account type is used to determine the method by which the period reconciliation is processed for a particular account. The process for each type is unique. When you set up reconciliation accounts, you must specify a reconciliation type. The reconciliation process varies based on the type.

This table shows the reconciliation account types that are available.

Type
Asset Reconcile one or more asset accounts. See Asset reconciliation.
Receivables Reconcile a receivables accrual account. See Receivables reconciliation.
Payable Accrual Reconcile to the Payables accrual account. See Payables accrual reconciliation.
Prepaid See Prepaid reconciliation.
Cash Reconcile the Cash Management account. See Cash reconciliation.

See the Cash Management User Guide.

Basic Reconciliations for accounts that do not apply for any of the other account types. See Basic reconciliation
Other reconciliation types These types are used for sorting and filtering. They are processed similar to a Basic type.
  • Received Not Invoiced
  • Matched Not Received
  • Inventory
  • Payroll