A whole new, Revamped version of Balance Reconciliation

A lighter and revamped version of balance reconciliation is introduced with complete flexibility around reconciliation dimensions. The system now automatically determines which balance to use based on whether currency is one of the reconciliation dimensions or not. If the selected dimension includes currency, the entered balance would be used; else, the functional balance.

Batch processing includes a threshold percentage for auto-rejection of small differences, options for insert/append operations, and support for using the MIS date as the As-of Date. In batch mode, once a threshold is set, any reconciliation difference more than selected threshold would be logged as plug entry in FSI D Ledger Instrument table.

Newly introduced Balance Reconciliation module is RAPID based with much lighter and intuitive user interface. Reconciliation definitions need to be created fresh in this module.

Steps to enable and configure

Key resources

https://docs.oracle.com/en/industries/financial-services/ofs-analytical-applications/profitability-balance-sheet-base/index.html