Creating Profiles

Profiles are one of the most important objects within Account Reconciliation since profiles are the pre-cursors to reconciliations. Profiles is the term used for the collection or group of accounts that are reconciled. Each profile represents a distinct reconciliation and may contain many different low level accounts rolling into it.

Profiles can be created manually or imported from a spreadsheet. Profiles contain the preparer and reviewer assignments, account descriptions, instructions, format assignments, risk ratings. One profile will exist for each reconciliation performed. Each month, reconciliations are created from profiles by Administrators. The process of creating reconciliations from profiles causes a snapshot of the profiles to be taken and stored along with the reconciliations. Over time, profile configurations may change. However, the profile information stored with the reconciliations is never impacted by these changes.

As time goes on, profile configurations will change as the business changes. These changes have no impact on existing reconciliations, which must remain intact and representative of the configuration that existed on the date it was created.