3.5.1 Reconciliation Rule Definition

This topic describes the information to configure recon rules for reconciliation category in Cash Management system.

There are two types of rules can be configured; Exact and Generic.

For the ‘Exact’ type of rule, attributes of one entity are mapped with attributes of another entity, e.g.: for ‘Expected Debit/Credit to Payment’ recon category attributes of expected debit/credit entity are mapped to attributes of payment entity and similarly for ‘Invoice to Payment’ recon category, attributes of invoice are mapped to attributed of payment for matching purpose. Also, multiple recon rules can be defined at global/default level or mapped to the corporate with priority assignment.

For the ‘Generic’ type of rule, user can configure generic reconciliation methods such as FIFO, LIFO, HAFO, and LAFO. As per selected method: one can choose ‘Based on’ attribute. For example, in ‘FIFO’ for Expected Cashflow recon category, one can choose ‘Expected Date’ or ‘Revised Expected Date’. Similarly, in ‘FIFO’ for Invoice Payment recon category, one can choose ‘Invoice Date’ or ‘Invoice Due Date’.

This topic contains the following subtopics:

• Create Exact Reconciliation Rule Definition
  This topic describes the systematic instruction for setting up recon rule for Exact reconciliation category.
• Create Generic Reconciliation Rule Definition
  This topic describes the systematic instruction for setting up recon rule for ‘Generic’ reconciliation category.
• View Reconciliation Rule Definition
  This topic describes the systematic instruction to view, modify, delete, or authorize the reconciliation rule definitions.