An approval code is used to designate a resource or a team who is responsible for approving the period reconciliations. The approval code is selected for each reconciliation account and can contain multiple levels of approval .
- Select .
- Click Create.
- Specify this information:
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Approval Code
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Specify a code for the approval record.
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Description
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Provide a description.
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Approval Code Used for Non Batched Cash Ledger Payments
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Leave blank.
- Click Save.
- In the Approval Levels section, click Create.
- Select an Approver or an Approval Team.
Note: You can assign a combination of individual approvers and teams to the approval code. When a team is assigned, the reconciliation is routed to all of the team members and one of them is required to approve the reconciliation.
- In the Escalation Settings section, specify this information:
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Escalate After
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Specify the number of hours after which this approval is escalated to the next level.
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Hours to
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Select whether to escalate the reconciliation to the next approval level or to a specific approval level.
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Approval Level Resource
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If you select Specific Approval Level in the Hours to field, then specify the level to which to escalate the invoice.
- Click Save.