Account Reconciliation Manager Terms

Account Reconciliation: A process of analyzing account balances and providing a justification of the balances. Identify differences and make corrections.
Aging Buckets: Time periods you define to age your reconciliation transactions in the Aging Analysis Dashboard. For example, you can define an aging bucket that includes all reconciliation transactions that are 1 to 30 days old. Aging buckets are contained within an aging profile.
Aging Profile: A collection of aging buckets.
Attributes: A parameter, or option, that controls how the function activity operates, or defines characteristics of the function activity.
Frequency: Determines how often reconciliations are prepared and renewed. A frequencies is defined in system settings and is associated with profiles and periods.
Periods: Unit of time for which an Account Reconciliation is completed; for example, January 2015, February 2015.
Profiles: The precursor to reconciliations. Profiles contain the configuration settings that determine how and when reconciliations occur. Profiles are copied to the period, causing a reconciliation to be created that contains a snapshot of the profile at that time.
Reconciliations: An Account Reconciliation for a specific Period. Reconciliations consist of account balances (obtained from the Source System for the Period) and account properties (derived from the Account Profile and Format and subject to change independently of the profile).
Source System: One data repository within a system.