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.
|