Workflow for Integrating Transaction Matching and Reconciliation Compliance

The Preparer creates the period-end reconciliation.

Prerequisites

Perform the steps to configure integration of Transaction Matching with Reconciliation Compliance. See High-level Steps to Configure Integration of Transaction Matching with Reconciliation Compliance.

Steps to create a reconciliation when integrating Transaction Matching with Reconciliation Compliance

1. Load transactions into Transaction Matching.

   Typically, this task is performed multiple times and at a frequency that is appropriate for your business scenario. See Importing Pre-mapped Transactions for Transaction Matching.

2. Perform Auto Match for the loaded transactions.

   It is recommended that auto matching is performed each time transactions are loaded. Typically, Auto Match successfully creates matches for a majority of the loaded transactions.

   See Running Auto Match.

3. Perform manual matching for transactions that were not matched by Auto Match. See Creating Manual Matches.
   • If you know why a transaction is unmatched, and what the expense is, you can mark it as a Supported transaction.
   • If the matching transaction for a particular transaction has a date that is from the next period, you can mark the transaction as an In-Transit transaction.
4. At the end of the period, perform the following tasks:

   1. Load period-end balances.

      See Importing Pre-mapped Balances for Reconciliation Compliance and Transaction Matching.

   2. Prepare the reconciliation. See Creating Reconciliations.