Integrating with Reconciliation Management

Close Management and close tasks

The associated reconciliation accounts are listed in the Accounts, Consolidated Accounts, and Non-Accounts panes in the close task. A parent hierarchy is used for group accounts. The individual accounts are not listed in the tree view in an Independent group. The independent group member accounts can be assigned to different close tasks. These accounts and standalone accounts are in the Accounts pane. An alert indicates the Independent group.

No actions are available on the lists for the reconciliation accounts. The account list item is opened to the same form that is used in Reconciliation Management. The fields for priority, risk, and owner can be different than the priority, risk, and owner on the close task.

Close period tasks

When a close period is scheduled and a period reconciliation does not already exist, a period reconciliation is created for tasks with associated reconciliation accounts. The end date on the FEG Calendar period must match the end date on the Calendar period in Close Management. If the period reconciliation exists, then an error does not occur, and a period reconciliation is not created. If the period reconciliations are not created in the scheduling process, they can be manually created from the reconciliation account.

A close period task is associated to a period reconciliation using the Created From value of the close task that it came from.

Associated period reconciliations are listed on a close period task in one of the conditional panes: Reconciliations, Consolidated Reconciliations, or Non-Account Reconciliations. A parent hierarchy is used for the group reconciliations, and the individual reconciliations are not listed in the Independent group. The Independent group is not listed because a close task does not exist and the reconciliations can have different close tasks assigned. These reconciliations are on the Reconciliations pane with the standalone reconciliations. An alert indicates the Independent group.

Actions are not available on the lists for the period reconciliations. The reconciliation list item is opened to the page that is used in Reconciliation Management. The priority, risk, and owner values can be different than those values on the close period task.

A close period task with period reconciliations associated with it is forReconciliation Management, which means that it cannot be started, completed, voided, or re-opened in Close Management. The status of a period task is updated to In Process when the first period reconciliation for the task is started. The status is updated to Closed when the last period reconciliation is completed for the task. If the close task that is associated with the close period task is removed from all period reconciliations, then the above actions are available on the close period task.