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An entry passed in the Product Processor (PP) to reconcile it with the associated GL for the amount equivalent to the difference and an entry in the Contra GL Account with the opposite sign for the same amount is an adjustment entry.
If the (GL-PP) difference is less than the Adjustment Entry Floor specified in the definition, then the calculated difference is not eligible for adjustment and entry will not be logged in the Adjustment Entry table.
The user gives rights to a certain party to authorize an adjustment entry.
Global Threshold is applied at an execution level where all the reconciliation differences for execution are added and checked across the absolute sum of source balance.
This feature is used to find child legal entities under the hierarchy node of a Legal Entity that is selected at the definition level. If this feature is used while defining the GL Reconciliation rule, then all child nodes will participate in the reconciliation process.
Reconciliation difference refers to the difference in the balance between the GL and its associated PP.
A tolerance level to be set by the user in terms of either the maximum difference allowed in any single Product Processor and its corresponding GL or the maximum number of Product Processors having differences in the GL Reconciliation.
These values are used to identify the breach types, categorized as Negative Percentage Threshold (NPT), Positive Percentage Threshold (PPT), Negative Absolute Threshold (NAT), Positive Absolute Threshold (PAT), and Not Breached (NB). The Breach Type is identified at runtime during the reconciliation process and Audit Trail entries are posted with this information.
These values are used to identify the breach types, categorized as Negative Percentage Threshold (NPT), Positive Percentage Threshold (PPT), Negative Absolute Threshold (NAT), Positive Absolute Threshold (PAT), and Not Breached (NB). The Breach Type is identified at runtime during the reconciliation process and Audit Trail entries are posted with this information.
The different types of threshold breaches are listed as follows:
· PAT - Positive Absolute Threshold
· NAT -Negative Absolute Threshold
· PPT - Positive Percentage Threshold
· NPT - Negative Percentage Threshold
· G- Global
· NB: Not breached