Transaction Matching Workflow

The workflow for using Transaction Matching includes multiple steps that must be performed for each account reconciled. The steps must be repeated each time new data becomes available.

Transactions can be imported from any source. The import process can be run on demand or scheduled to run automatically.

The Auto Match process matches transactions according to predefined rules and users need to focus only on the exceptions. Auto Match creates Confirmed Matches, where no further action is required, and Suggested Matches, where the user can either confirm or discard the match. Period-end reconciliation is performed at a frequency that depends on your business requirement.