1. Setting Up and Configuring Account Reconciliation
  2. Setting Up Transaction Matching
  3. Setting Up Transaction Matching Overview
  4. Steps to Set Up Transaction Matching

Steps to Set Up Transaction Matching

Set up steps must be performed before Transaction Matching can be used with reconciliations.

The key steps in setting up Transaction Matching are as follows:

  1. Define group attributes that will be used when creating your match types. See Creating Group Attributes.
  2. Create a match type, as described in Creating Match Types

    Match Types determine how transaction matching occurs. For each Match Type, you define the sources of data and the rules used for the matching process. You can use the same Match Type for multiple reconciliations, as long as the reconciliations share the same data source and matching rule configuration.

  3. Create a format by choosing one of the format methods available for Transaction Matching and associate it with a Match Type.

    The format methods for Transaction Matching are:

    • Balance Comparison with Transaction Matching - similar to the Balance Comparison format used in Reconciliation Compliance
    • Account Analysis with Transaction Matching - similar to the Account Analysis format used in Reconciliation Compliance
    • Transaction Matching Only - select this format if you want to use Transaction Matching as before and are not using period-end reconciliations. You also need to configure at least one period.

    See Defining Formats.

  4. Define a profile that will be used to create the reconciliations based on the format you defined. See Working with Profiles

Once profiles have been created, an Administrator can create reconciliations for Transaction Matching and then import data so that users can begin to perform the transaction matching function. See Creating Reconciliations in Transaction Matching and Understanding Data Loads

Note:

If you need to know more about setting up periods or how the "Locked Through Date" affects activities in Transaction Matching, see Configuring Periods and Locking Periods.

Note:

If you are intending to use Oracle Account Reconciliation Cloud for Transaction Matching only and want to create a Balancing Report, you will need to set up at least one period as a prerequisite to setting up Transaction Matching.