Enhanced Balance Reconciliation

Balance Reconciliation is upgraded with following features:

Supporting full list of the Management Ledger leaf node financial elements.
Whole range of Instrument balances are supported.
Placeholder management ledger as source.
Reconciliation report rendering logs.
Pre-Defined data filter to restrict the instrument records included in reconciliation.
Include GL Only Balances in reconciliation – Only if this is selected, system would consider GL only balance while reconciling ledger vs instrument balances.

For Plug entry creation, batch is mandatory now. Through UI flow, user can confirm the reconciliation differences by rendering the reconciliation report.

Provides more precise reconciliation setup and easier analysis of difference records, helping users reconcile the appropriate balances and efficiently review exceptions.

Steps to enable and configure

Key resources

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