About Transaction Status

All transactions are unmatched when they are loaded into Transaction Matching. Subsequently, after matching is performed, the transactions are assigned a status.

The status of a transaction can be one of the following:

• Unmatched

  An unmatched transaction is one that does not yet have a match.

• Supported

  A supported transaction is an unmatched transaction that has a legitimate reason for having no match.

  The Preparer provides a justification, through support details, mentioning the valid reason for the transaction having no match. Support details are retained in Account Reconciliation even after the transaction is matched.

  Once a supported transaction is matched, its status changes to Confirmed Match.

  See Handling Supported Transactions.

• Confirmed Match

  The status of a transaction is set to Confirmed Match when Auto Match determines that it either has an exact match or a match within the specified tolerance limit.

  With manual matching:

  • When a suggested match is confirmed, the status of the transactions within the suggested match are changed to Confirmed Match.

  • When unmatched transactions are matched, the status of these transactions change to Confirmed Match.

• Suggested Match

  A suggested match is one that Auto Match identifies as a possible match. Only the Auto Match process can set this status.

  If the Preparer confirms a suggested match, the transaction’s status changes to Confirmed Match. If the Preparer discards the suggested match, that transaction's status becomes Unmatched.

  See Confirming Suggested Matches.

• Confirmed Adjust

  The status of a transaction is set to Confirmed Adjust when Auto Match rules clear off transactions as single sided adjustments.

  With manual matching:

  • When a transaction with status Suggested Adjust is confirmed, its status is changed to Confirmed Adjust.
  • When transactions from only one side are chosen and adjusted, the status of these transactions is changed to Confirmed Adjust.

  See Setting Up One Sided Adjustments to Run During Auto-Match.

• Suggested Adjust

  When Auto Match rules identify possible transactions to be cleared off as single sided adjustments, a status of Suggested Adjust is assigned to those transactions. Only the Auto Match process can set this status.

  The Preparer can either confirm or discard a suggested adjust. If the suggestion is confirmed, the transaction’s status changes to Confirmed Adjust. If the suggestion is discarded, the transaction’s status changes to Unmatched.

  See Setting Up One Sided Adjustments to Run During Auto-Match.