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 > Administration.
  2. In the General Setup panel, click Reconciliation Management Group.
  3. Click Create.
  4. 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.
    Create Asset Reconciliation Details
    Select this check box to automatically create reconciliation details for Asset type reconciliations based on the period Asset Details tab. If the check box is not selected, the Asset Register - Old report can be run from Asset Management to populate reconciliation details and attach the report.
    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.
  5. Click Save.