Viewing Reconciliation Headers

To perform a reconciliation:

1. From Quick Links, select Reconciliations.
2. Click an account to open Reconciliation Actions.
3. The Summary tab is displayed by default.

• Account ID—The account ID per the profile definition.

• Name—The account name per the profile definition.

• Description—The account description from the profile definition.

• Period Name—The period to which the reconciliation pertains.

• Status—Identifies the status of the reconciliation. Values include: Pending, Open (with Preparer, Reviewer 1, Reviewer 2, ...), or Closed.

• Start Date—The start date of the reconciliation (the first date the preparer can begin working on the reconciliation).

• End Date—The final end date of the reconciliation (the due date of the final role assigned to the reconciliation).

• Organizational Unit—Represents a hierarchical entity-type structure that you can use to model your organization. Define a separate organizational unit for each entity for which separate reporting is required, or for entities that require different configurations for any of the following: holidays, work days, or viewer or commentator assignments. Organizational Units are defined in system settings.

• Process—The process per the profile definition.

• Account Type—The account type per the profile definition.

• Normal Balance—The normal balance per the profile definition; identifies whether the reconciliation is expected to contain a debit balance, a credit balance, or a debit or a credit balance. If the balance violates the normal balance, then a warning is set on the reconciliation.

• Risk Rating—The risk rating per the profile definition.

• Format—The format per the profile definition.

• Method—Account Analysis or Balance Comparison