1. Setting Up and Configuring Account Reconciliation
  2. Setting Up Reconciliation Compliance
  3. Configuring Reconciliation Compliance
  4. Defining System Attributes
  5. Defining Frequencies
  6. Creating Frequencies

Creating Frequencies

You need to create and then assign frequencies to Profiles and Periods.

Reconciliations are only created when the frequency assigned to the Profile matches the frequency assigned to the Period.

You can specify the frequencies at which amortization or accretion can be performed for reconciliations. The Locked column indicates if the frequency can be edited. Frequencies that have been assigned to one or more periods are locked. You cannot update the name or order for locked frequencies, but you can enable or disable amortization/accretion. Disabling amortization/accretion for an existing frequency only impacts new transactions and has no impact on existing transactions.

To create frequencies:

  1. From Home, click Configuration, and then select the System Attributes tab.
  2. Select Frequencies.
  3. Select New.
  4. Enter the name of the frequency. For example: Monthly, Quarterly.

    The names of frequencies do not matter, can be changed anytime, and do not affect reconciliation processing.

  5. Select Enable Amortization/Accretion if you want amortization or accretion to be performed at this frequency.
    By default, this option is enabled for new frequencies.