1. Using General Ledger
  2. What's the difference between reconciling clearing accounts manually and automatically?

What's the difference between reconciling clearing accounts manually and automatically?

The methods differ in tolerance handling and values for reconciliation references.

Manual reconciliation:

  • Uses the tolerances defined on the Create Reconciliation Type page. To reconcile, the net difference between total accounted debits and credits must be zero or within the specified tolerance level.

  • Doesn't require that journal lines have identical reconciliation reference values. Reconciliation references aren't even required.

Automatic reconciliation:

  • Doesn't use tolerances. To reconcile, the net difference between total accounted debits and credits must be zero.

  • Requires that journal lines have reconciliation reference values.