About Transaction Types in Transaction Matching

Use of transaction types allows you to create as many unique adjustment and support types as you need to suit your reconciliation requirements.

A Service Administrator sets up the transaction types during set up of Transaction Matching. There are two default transaction types provided:

• Adjustment Type
• Support Type

Configuring each transaction type allows the user who is creating the adjustment to select from a list of available adjustments for this reconciliation and the system provides all the information required to post a journal from that reconciliation. A Preparer can also input ad-hoc information by adding comments and attachments. For example, you may want to configure an Adjustment type for a reconciliation for each expense account for that reconciliation.

Note:

An Administrator may want to set up certain adjustment types used for auto matching and then hide those adjustment types from other users so that they are not selectable for manual matching. Hiding the adjustment type can be done during creation or editing of the adjustment type by deselecting Allow Adjustment Type for Manual Match Rule. By default, the check box is selected. Note that the adjustment type cannot be hidden if the adjustment type is used in one or more suggested match rules. Suggested matches created prior to hiding the adjustment type, can show the hidden adjustment type on transaction search but they cannot be confirmed.

The configurable Support types is very similar to the Adjustment Type process in that the Preparer can now select from a list of available support types for that reconciliation, allowing them to easily mark their unmatched transactions into support categories that make sense for that reconciliation.

Within an Adjustment Type or Support Type, the attributes are global attributes. This means that you create attributes and other users can reuse them and they appear in a drop down list.