Reconciliation process by type of reconciliation
The reconciliation account type is used to determine the method by which the period reconciliation is processed for a particular account. The process for each type is unique. When you set up reconciliation accounts, you must specify a reconciliation type. The reconciliation process varies based on the type.
This table shows the reconciliation account types that are available.
| Type | |
|---|---|
| Asset | Reconcile one or more asset accounts. See Asset reconciliation. |
| Receivables | Reconcile to the receivables accrual account. See Receivables reconciliation. |
| Payable Accrual | Reconcile to the Payables accrual account. See Payables accrual reconciliation. |
| Prepaid | See Prepaid reconciliation. |
| Cash | Reconcile to the Cash account. See Cash reconciliation.
See the Cash User Guide. |
| Basic | Reconciliations for accounts that do not apply for any of the other account types. See Basic reconciliation. |
| Received Not Invoiced | Reconcile to the Received Not Invoiced account. See Received not invoiced reconciliation. |
| Matched Not Received | Reconcile to the Matched Not Received account. See Matched not received reconciliation. |
| Inventory | Reconcile to the inventory account. See Inventory reconciliation. |
| Other reconciliation types | Payroll reconciliation is used for sorting and filtering. This is processed similar to a basic type. |