To create a reconciliation account

  1. Select Reconciliation Administrator > Reconciliation Setup > Reconciliation Accounts.
  2. Click the Chart Level Account Defaults tab and click Create to create a new Chart.
  3. Use the following guidelines to specify field values:
    Note: 

    Prior to loading accounts for companies, Account Groups can be created. Account Groups are used to group similar types of accounts together. For example, a company may have several asset accounts such as Land, Vehicles, Plant and Equipment. These accounts are separate in the General Ledger but analysis of them is done as a group. Account Group is an optional field on the Load Chart Detail parameters and also on Load Chart Detail For All Companies parameters.

    Finance Group

    This field is automatically populated and not editable.

    Chart Name

    Select the chart for the Reconciliation Account.

    Chart Section

    Select a section of the chart to display from the drop-down list.

    Reconciliation Level

    Select the reconciliation level for the chart.

  4. Click Save and return to the Chart Level Account Defaults tab.
  5. Click the Load Chart Detail button.
  6. On the Load Chart Detail window, use the following guidelines to specify field values:
    Chart Section

    Select a section to display from the drop-down list.

    Reconciliation Level

    Select the reconciliation level for the chart.

    Account Type

    Select Basic Reconciliation from the drop-down list.

    Reconcile Frequency

    Select the frequency of reconciliation from the drop-down list.

    Account Group

    Select the account group for the chart.

    Close Task

    Select a close task for the chart.

    Note: 

    If you do not want the task number on the Chart Level Account Defaults tab, you can add the task number to the Reconciliation Accounts tab at the company level.

    Team

    Select the team that owns the reconciliation.

    Team Member

    Select a member of the specified team designated to own the reconciliation.

    From

    If you want to specify a range of accounts, select a from account for the range. To load all accounts, leave this field blank.

    To

    If you want to specify a range of accounts, select a to account for the range. To load all accounts, leave this field blank.

  7. Click OK and return to the Chart Level Account Defaults tab.