You must create a structure before you
can create reconciliation accounts. Use a structure to group the accounts that are
reconciled with the same type, level, and currency. You can set up multiple structures
but an account can belong to only one structure. The structure determines the dimension
level where the accounts are reconciled.
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Select .
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On the Structures tab, click
Create.
- Specify this information:
- Structure
- Specify a name for the account structure.
- Description
- Provide a description.
- Reconciliation Type
- Select a reconciliation type from these options:
- Account: A reconciliation that is tied to an
FSM Global Ledger account.
- Non Account: A reconciliation that is not tied
to an FSM Global Ledger account.
Non-accounts are used to import reconciliations from
non-Infor applications so that all reconciliations are
maintained within the same repository. You can also run
detailed transaction reconciliation against two sources of
data for non-accounts.
- Reconciliation Level
- Select the level in which all of the accounts within the
structure are reconciled. The options vary depending on the defined
dimensions within the finance enterprise group.
You can select any
of the defined dimensions to reconcile at a more detailed level.
Reconciliations are always done for an entity and account. For
example, Entity-Accounting Unit-Account reconciles the account
balance for a specific accounting unit for a single
entity.
- Reconciliation Currency
- Select a currency for the account structure. The default value
is Entity Functional.
- Reporting Basis
- Select the reporting basis, which defines the chart, structures,
and ledgers to use to create the reconciliation accounts and its
associated ledger balance.
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Click Save.