An approval code is used to designate a resource or a team who
is responsible for approving the period reconciliations. The approval code is selected
for each reconciliation account and can contain multiple levels of approval .
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Select .
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Click Create.
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Specify this information:
- Approval Code
- Specify a code for the approval record.
- Description
- Provide a description.
- Approval Code Used for Non Batched Cash Ledger
Payments
- Leave blank.
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Click Save.
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In the Approval Levels section, click Create.
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Select an Approver or an Approval Team.
Note: You can assign a
combination of individual approvers and teams to the approval code. When a
team is assigned, the reconciliation is routed to all of the team members
and one of them is required to approve the reconciliation.
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In the Escalation Settings section, specify this
information:
- Escalate After
- Specify the number of hours after which
this approval is escalated to the next level.
- Hours to
- Select whether to escalate the
reconciliation to the next approval level or to a specific approval
level.
- Approval Level Resource
- If you select Specific Approval Level in the Hours to field,
then specify the level to which to escalate the
invoice.
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Click Save.