An activity reconciliation is created when a construction work activity is closed. It is created to summarize costs and identify assets that were by created or contributed to the project. It immediately gets routed for approval and placed in Pending Approval status. Typically, the first person on the approval route will review and update the activity reconciliation. The approver can make updates to the reconciliation record, as needed, such as updating cost distribution or adding construction or contributed assets. Once the record is finalized and approved, the reconciliation record moves to Closed, and financial transactions are created. Any constructed assets or customer contributed assets are recorded for export to integrated fixed asset systems, as applicable.