Match Types

A match type determines how the Transaction Matching process will work for the accounts that use this match type. It also determines the structure of the data to be matched and the rules used for matching.

Match types are created by Service Administrators. For each match type, you define data sources and match processes. Within a match process, you specify the data sources that are included in the match process and one or more match rules that are used to match transactions. You can use the same match type for multiple reconciliations, as long as the reconciliations share the same data source and matching rule configuration.

Companies can have many different match types. For example, Intercompany Accounts, Bank Accounts, Accounts Receivable, Accounts Payable, and various Clearing Accounts. Because the data structure and the matching rules for these different accounts are likely to be different, companies would typically create a match type for each account type. Additionally, you can use match types to export adjustments back to an Enterprise Resource Planning (ERP) system, as journal entries in a text file.

For example, you can create a match type for clearing accounts with a single data source, a match type for intercompany matching and reconciliation with two data sources, and a match type for Cash accounts with three data sources - GL, POS and Bank.