Reconciling transactions

Use the Reconciliation Manager or Reconciler roles to perform this action. Reconciliation records are listed and sorted by various criteria, which depends on your role.
  1. Sign in as Reconciliation Manager or Reconciler.
  2. Start from your Home page.
  3. Select a record and click Actions > Start Reconciliation.

    This list shows the tabs that are available to the Reconciliation Manager role:

    • Open Reconciliations: Shows the open reconciliations including period, priority, and status. You can filter the list to view open reconciliations for a specific status, owner, or other value.
    • Open Reconciliations By Structure: Shows the open reconciliations for a specific structure level and the percentage of reconciliations that have been completed by period. Select the structure level in the Structures list.
    • Open Reconciliations By Resource: Shows the open reconciliations by resource or team member. Select the resource in the Reconciliation Resources list.

      The Reconciliations By Status pie chart shows the open reconciliations by status for the selected resource. Select a status in the pie chart to view open reconciliations in that status for the selected resource in the Open Reconciliations list.

    • All Reconciliations By Period: Shows the status of all reconciliations by period and the percentage of completed reconciliations by period.
    • Reconciling Items: Shows the reconciled items created by period. Use this list to analyze why reconciled items are required.
    • Open Bank Reconciliations: Shows the reconciliation status of open bank statements.

    This list shows the tabs that are available to the Reconciler role:

    • Open Reconciliations: Shows the open reconciliations that are assigned to you.
    • Team Reconciliations: Shows the open reconciliations that are assigned to the teams to which you are a member. You can assign a specific reconciliation to yourself.
    • Closed Reconciliations: Shows the reconciliations that you closed.
  4. Complete the reconciliations that are assigned to you or to a team of which you are a member.

    See Reconciliation process by type of reconciliation.

  5. Add period details.
  6. Attach related documentation.
  7. Click Actions > Complete.

    If the Required Approval field is selected on the account, then the status is Pending Approval. Otherwise, the status is changed to Closed.