1. Administering Account Reconciliation
  2. Administering Transaction Matching
  3. Learning About Transaction Matching
  4. Overview of Transaction Matching
  5. How to Determine if Transaction Matching is Appropriate for your Scenario?

How to Determine if Transaction Matching is Appropriate for your Scenario?

Answer the following questions to decide if Transaction Matching is appropriate for your reconciliation:

  • How many FTEs (full-time equivalents) are spent on this reconciliation?
  • How many transactions per month/day flow through this reconciliation?

  • Is detail data available from both sources?

    Sometimes data from one source has details, whereas data from the other source is summarized. At other times, the data itself may not be completely reliable. For example, when you try to base matching logic on unreliable, manual, journal names or descriptions.