1. Setting Up and Configuring Account Reconciliation
  2. Setting Up Reconciliation Compliance
  3. Defining Formats
  4. Learning About Formats
  5. About Designing Formats

About Designing Formats

The design of a format impacts the reconciliations that are based on the format.

Format design impacts reconciliations by defining the following areas:

  • The information presented in the Balance Summary section

  • The types of transactions that exist within the reconciliation, as well as the attributes associated with these transactions and the rules governing who can edit the values of these attributes

  • The business rules impacting the reconciliation, including auto reconciliation routines and certain preventive controls that are designed to ensure reconciliations are complete and conform with policies

Formats are designed to evolve. You can start with one set of formats, and then modify formats over time as your business changes, or as you become aware of new or different risks. Every month when you create your reconciliations from your account profiles, a snapshot of the existing formats is taken. The snapshot copies retain the historical format with the reconciliation. As you make changes to your Format designs, the historical reconciliations continue to appear just the same as they did on the date they were created.