Mass updating reconciliation accounts

Use this procedure to update default values for a set of reconciliation accounts.

  1. Select Manage Accounts > Reconciliation Accounts.
  2. On the Structures tab, select Actions > Mass Update Reconciliation Accounts.
  3. In the Reconciliation Account Selection Method section, select from these options:
    • Account Selection: Use to select a custom group. A custom group is a user-defined condition based on fields or attributes from a business class.
    • Account Range: Use to specify a range of accounts in the From Account and To Account fields.
  4. In the Reconciliation Account Values To Update section, specify only the information to change:
    Requires Approval
    Select Change To True if a valid approval code is required to determine how to route the reconciliation through the approval process. Otherwise, select Change To False.
    Approval Code
    If the reconciliation requires approval, then select an approval code to define the approval level.
    Requires Supporting Documentation
    Select Change To True if supporting documentation is required before completing the reconciliation. Otherwise, select Change To False.
    Reconcile Frequency
    Select whether to reconcile accounts monthly, quarterly, or annually. The frequency is used to determine whether a period reconciliation is scheduled when you run the Create Period Reconciliations action.
    Remove Report Group
    Optionally, select this check box to remove the previously assigned report group.
    Close Task
    Optionally, select a close task to integrate the account with the Close Management application. When the reconciliation is closed, the status is automatically updated in Close Management.
    Remove Close Task
    Optionally, select this check box to remove the previously assigned close task.
    Auto Reconciliation Policy
    Select the policy that is used to determine whether the period reconciliation is automatically closed.
    Team
    Select a team to which to assign the reconciliation. If the reconciliation is at the team level, then all reconcilers within the team are notified of the reconciliation. The assigned reconciler can select the reconciliation from the queue.
    Team Member
    Select a team member if the reconciliation is assigned to a specific reconciler.
  5. Click Submit.