8.4.1.1 View Reconciliation Rules

This topic provides systematic instructions to view the reconciliation details for all Recon criteria.

This screen appears on clicking the rule ID link of a specific reconciliation rule from the View Reconciliation Rules screen. It displays the rule details.

The user can view the Recon details for all Recon criteria like Corporate based, Relationship based, Counterparty based, Program based, Relationship and Counterparty based, Program and Counterparty based or Default.

User must have valid corporate login credentials.

To view reconciliation rules:

1. Navigate to View Reconciliation Rules screen.
2. Click the Rule Id of a record with Rule Type as Exact.
   The View Reconciliation Rules screen with details of Exact Rule Typeappears.

   Figure 8-34 View Reconciliation Rule – Exact

   
   

   
   Description of "Figure 8-34 View Reconciliation Rule – Exact"

   
   

   Figure 8-35 View Reconciliation Rule – Exact – Corporate Based

   
   

   
   Description of "Figure 8-35 View Reconciliation Rule – Exact – Corporate Based"

   
   
3. Click the Rule Id of a record with Rule Type as Generic.
   The View Reconciliation Rules screen with details of Generic Rule Typeappears.

   Figure 8-36 View Reconciliation Rule – Generic

   
   

   
   Description of "Figure 8-36 View Reconciliation Rule – Generic"

   
   

   Table 8-16 View Reconciliation Rule – Generic - Field Description

   Field Name	Description
   Party Name	Displays the name of the logged-in corporate party.
   Basic Details	This section displays the basic details.
   Rule Id	Displays the rule ID of the reconciliation rule.
   Reconciliation Type	Displays the type of payment the reconciliation rule has been created for.
   Rule Type	Displays whether the rule is generic or exact.
   Rule Name	Displays the name of the rule.
   Priority	Displays the priority of the rule. If a payment meets the criteria of more than one rule, then the rule with the higher priority (1 being highest) is applied.
   Apply Generic Rule	Displays whether apply generic rule is selected as ‘yes’ or ‘no’. Generic recon is to be executed if there are more than one matching record post exact reconciliation and if generic recon rule is to be executed for matching outstanding payment to invoice.
   Reconciliation Rule	For an Exact rule, this section displays the rule that has been defined. The rule can be a combination of single sided conditions or double sided conditions or both. The conditions are clubbed together either by the AND or the OR relational operator. A single sided condition includes a single attribute of either payment or expected-cash-flow/invoice entity compared to a specific value using logical operators; whereas a double sided condition includes both cash-flow/invoice and payment attributes with operator conditions along with the specific patterns on their respective matching attributes.
   Narration	Displays the narration.
   Reconciliation Rule	For a Generic rule, the following fields appear.
   Reconciliation Method	Displays the method employed for reconciliation. The options can be: LIFO – Latest invoice/cash flow to be reconciled first FIFO – Oldest invoice/cash flow to be reconciled first LAFO – Lowest amount to be reconciled first HAFO – Highest amount to be reconciled first
   Attributes	Displays the attribute on which the reconciliation method will be applied. If the reconciliation criteria is either LIFO or FIFO, then a date-specific attribute is present in this field. If the reconciliation criteria is either LAFO or HAFO, then an amount-specific attribute is present in this field.
   Rule Interpretation	Displays the interpretation of the reconciliation method applicable.
   Account Based Allocation	This section appears if Account Based option has been selected in the Allocation Basis field.
   Serial Number	Displays the serial number of the allocation account.
   Allocation Account	Displays the virtual account that has been selected for allocation.
   Percentage	Displays the percentage of payment allocated.
   Attribute Based Allocation	This section appears if the Attribute Based option has been selected for allocation..
   Serial Number	Displays the serial number of the entity and attribute combination.
   Allocation Entity and Attributes	Displays the entity and their respective attributes that have been selected for allocation.
   Percentage	Displays the percentage of payment allocated.

4. From the View Reconciliation Rule (details) screen, you can do the following:
   • Edit the reconciliation rule, by clicking Edit.
   • Delete the reconciliation rule, by clicking Delete.
   • Go back to the View Reconciliation Rules screen, which displays a list of existing reconciliation rules, by clicking Back.