Account reconciliation

Reconciling an account is the process of applying unused credits to unpaid debits. For example, an account might have both unapplied credits from overpayments or adjustments and unpaid line items.

When you reconcile an account, Infor Public Sector applies credits to debits until all debits are paid, or until all credits are used up. Infor Public Sector will only apply adjustment credits to debits with the same bill type, but overpayments can be applied to any charges. Unapplied credits can also be reallocated, refunded, or transferred to another account.

See Reallocating credits, Refunding credits and Transferring credits.

You can reconcile an account individually, or you can create a reconcile run. A reconcile run is a batch process in which multiple accounts are reconciled.