Creating reconciliation management groups

A Reconciliation Management Group is an extension of the finance enterprise group. It contains specific settings for Reconciliation Management.

  1. Select Reconciliation Management Group.
  2. Click Create.
  3. Specify this information:
    Reconciliation Management Group
    Select a finance enterprise group. This is the identifier for the Reconciliation Management Group.
    Description
    Provide a description.
    Auditor Role
    Specify the auditor role. You must update this field if the delivered auditor role, ReconciliationAuditor_ST, is changed or customized for your organization.
    Enforce Reconciler Cannot Be Approver
    Select this check box to restrict users from approving reconciliations or distributions if the user is both a reconciler and an approver. This is applicable for both the reconciliation and distribution approval processes.
    Rejecting Reconciliation
    Select this check box if a reason code is required when reconciliations are rejected during the approval process.
    Reopening Reconciliation
    Select this check box if a reason code is required when a closed reconciliation is reopened.
    Creating Reconciling Items
    Optionally, select this check box if a reason code is required when items are created for reconciliation.
  4. Click Save.