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	Reconcile to the Prepaid account. See Prepaid reconciliation.
Cash	Reconcile to the Cash account. See Cash reconciliation and 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.