ReconciliationManagerProcess

This component runs the Reconciliation Manager (RCM) function and is used to match and reconcile transactions in the SunSystems ledgers. It is set up as a Process component. Unlike the ReconciliationManager component, it allows reconciliation between two account codes.

注意：SSC is limited to using the AutoReconcile action. For greater control, the Reconciliation Manager function, accessible via Navigator Manager, should be used.

Reconciliation Manager allows you to reconcile transactions on different accounts. For example, to reconcile transactions that appear on two corresponding inter-company accounts.

Because of its flexibility Reconciliation Manager has a number of uses including:

  • bank reconciliation
  • inter-company reconciliation
  • debtor/creditor payment matching.

Reconciliation Manager matches and then reconciles two sets of transactions according to a set of predefined match criteria. The two sets of transactions are defined as separate reconciliation accounts. The selection and matching criteria are defined in a reconciliation profile.

Reconciliation Manager can reconcile the transactions automatically using the match criteria and also allows you to manually reconcile the transactions. This is particularly useful if you are reconciling a large number of transactions because you can automatically reconcile all of the obvious matches.

For example, if you use Reconciliation Manager to perform a bank reconciliation, you can automatically reconcile the bank account postings to the bank statement details by matching on the amount and reference number.

Before running a reconciliation:

  • the transaction selection criteria and matching criteria for the reconciliation must have been defined in a reconciliation profile, using the SunSystems Reconciliation Profiles (RCP) function, or the ReconciliationProfiles component.

  • the source of each set of transactions must have been identified using Reconciliation Accounts (RCA), or the ReconciliationAccountsSetup component.

  • the transactions you wish to reconcile must have been imported or loaded into SunSystems before you run the reconciliation. For example, if you are running a bank reconciliation, the bank statement details must have been posted as budget transactions to the ledger.