Setting Adjustment Date to the Earliest Accounting Date in the Match Group and Allowing Editing

When creating adjustments in Transaction Matching, the process can now set the adjustment accounting date to the earliest accounting date in the match group by using the new Earliest Accounting Date in Match Group option under Set Adjustment Accounting Date.

Additionally, Set Adjustment Accounting Date also contains a new option, Allow Edit. Selecting this enables users to override the assigned adjustment accounting date and instead set their preferred date during manual match with adjustment.

Business Benefit: This feature provides the following benefits:

• Creating adjustments with the earliest accounting date within a match group ensures that adjustments are reflected in the accounting period that is appropriate for your business scenario
• Manually overriding the assigned adjustment date while creating manual matches or adjustments provides operational flexibility

Key resources

• Understanding Adjustment Process Logic in Reconciling Accounts with Account Reconciliation
• Specifying the Properties of the Match Process in Setting Up and Configuring Account Reconciliation