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

About System Attributes

System attributes include profile segments, processes, risk rating, frequencies, account types, aging profiles, and global integration tokens.

Under System Attributes you define values for:

  • Profile Segments are the components of the Account ID used to uniquely identify profiles and reconciliations. For example, if you typically reconcile accounts at the Company-Account level, then you should define two segments: one for Company, and one for Account. See Defining Profile Segments.

  • Process distinguishes between reconciliations for different purposes. Common processes include the balance sheet reconciliation processes, the consolidation system reconciliation process, and the local GAAP reconciliation process. You can remove this option if you prefer other terminology. See Defining Process System Attribute.

  • Risk Rating are associated with profiles and reconciliations and enable classification of profiles and reconciliations according to risk level. Risk ratings can be used to select accounts for reporting or to facilitate assignment of preparers, frequencies, or other attributes. See Defining Risk Ratings System Attribute.

  • Frequencies determine how often reconciliations are prepared. Monthly and Quarterly are typical frequencies. See Defining Frequencies.

  • Account Type are associated with profiles and reconciliations, account types enable classification of profiles, reconciliations, and adjustments according to a hierarchical structure that defines:

    • The nature of the account (for example, asset, liability, or equity)

    • Subclassifications (for example, current assets and noncurrent assets)

    • Specific account types (for example, cash)

      To achieve the maximum benefit, configure account types to match the structure that is used for financial reporting.

    See Defining Account Type System Attribute.

  • Aging Profiles are used in reports to classify transactions into "aging buckets" that you define. For example, you might define an Aging Profile consisting of the following buckets: 0-15 days, 16-30, 31-60, 61-90, and greater than 90 days. See Defining Aging Profiles.

  • Global Integration Tokens are used when parameterized reports should be accessible from the reconciliation. For example, if you are using a program to generate Fixed Asset Roll Forward Schedules, then you can use Global Integration Tokens to pass parameters such as Account ID or Period into the report so it displays the correct data. See Defining Global Integration Tokens.