Reconciliation Compliance Workflow for Preparers

Preparers perform certain tasks each period.

These tasks include the following:

1. Plan and prioritize your tasks by using the worklist (Due Today, and so on. Use filters where required).

   The Worklist displays a list and status of reconciliations that are being worked on. Both summary details and a list of reconciliations are provided. The contents are customized for the user viewing the Worklist.

   See Worklist.

2. Prepare account reconciliations

   Prepare account reconciliations by entering balances and transactions, and ensuring no unmapped balances exist.

   Balances and transactions may be imported at any time, as long as the period is not locked. You can even import the data before you have created reconciliations.

   If you import data after work has begun, remember that there may be an impact to the reconciliation status.

   If the reconciliation status is "Open with a reviewer" or "Closed", it will revert to "Open with the Preparer" if you run an import of pre-mapped transactions, or if you import balances (either unmapped or pre-mapped) that differ from balances currently existing on the reconciliation.

   See Preparing Reconciliations.

3. (Optional) Raise reassignment request

   Preparers can dispute a reconciliation assignment and submit a request to the Service Administrator or Power User to reassign the reconciliation.

   See Requesting Reassignments.

4. Submit reconciliation

   After Preparers complete work on a reconciliation, they submit the reconciliation.

   See Submitting, Approving, and Rejecting Reconciliations.