Detail transaction reconciliation

This list shows the sources of data that can be processed into the reconciliation queue for matching:

• Interface transaction to Global Ledger transaction

  The interface transactions are the transactions from a third-party source. The transactions can be loaded to the Interface Transactions business class and reconciled against Global Ledger transactions.

• Interface transaction to Interface transaction

  Interface transactions can also be reconciled against themselves. For example, if a transaction offsets in a single Global Ledger account, then you can reconcile the debits to the credits to determine a corresponding match.

• Global Ledger transaction to Global Ledger transaction

  Global ledger transactions can be reconciled against themselves. For example, if a transaction offsets in a single Global Ledger account, then you can reconcile the debits to the credits to determine a corresponding match.

To enable this function, you must set up the detail transaction reconciliation when creating the reconciliation account. A match rule group or a template must be assigned to the reconciliation account to determine how to match records. See Financials Setup and Administration Guide.

After the reconciliation is processed, you create the distribution and reconcile the items. Save the reconciliation to a specific period as supporting detail.

When you save the detail transaction reconciliation for the period, all reconciling items remain in the reconciliation queue and are included in the subsequent periods. The transactions that are reconciled are removed from the queue.

See Reconciliation Management interfaces in the Data Interface Guide.