Verify the new reconciliation element setup

To check the reconciliation elements, use the Check button. LN then checks for the following:

  • Reconciliation transactions that do not have all reconciliation elements logged.
  • Accepted opening balances for the reconciliation group.
  • Currency differences for the reconciliation group.
  • Posted corrections for the reconciliation group.
  • Rounding differences for the reconciliation group.

If a check fails you will be prompted to continue. If reconciliation is performed based on reconciliation elements, for example, if reconciliation elements are used to create corrections, you might have to change those corrections after the update is completed.

Note

This check is not a mandatory step before you accept the changes in the reconciliation elements. It only indicates which actions or calculations need to be repeated to have the correct data available again.

If, after the check process is completed, you close the session without accepting the change, the Element changes Checked check box is cleared. This is because new transactions can be specified or parameters on the reconciliation group might be reset, which may cause different results the next time the reconciliation group is checked.

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