Using the Balance Report Summary

After you've completed the matching process for reconciliations, you are ready to create the balancing report which is a reconciliation snapshot.

To create the balance report summary:

  1. From Home, select Matching, and then select a reconciliation from the list.

  2. From Actions, select Open.

    The Overview tab of the reconciliation appears. This tab contains the following panels: Unmatched, Balancing, Open Adjustments, and Open Alerts. For information about these panels, see How are the Balances for Each Data Source Calculated? in Administering Account Reconciliation.

  3. In the Balancing panel:
    • Select a date to display the period corresponding to the selected date
    • If currency is configured for data sources in the match type, select the Currency for which the report must be generated.
  4. Click Actions and then Balance Report Summary to generate the report.

    This example shows a balance report with a Difference of zero, which is the goal.


    example of a balance report with difference of zero.

    When you configure currency for data sources in the match type, the balances use the precision of the currency selected in the previous step. If currency is not configured, balances are displayed using the precision of the default currency of the profile’s lowest enabled bucket.

  5. You can view the reconciliation now in Reconciliation Compliance. You can attach the balancing report from Transaction Matching and submit the reconciliation to the reviewer.