15.6.1.3.1 Settings

To create the reconciliation definition, enter or select the following details in the Settings tab.

1. Enter or select the following details in the Settings tab:
   • Rule Name: Enter the Rule Name . This is mandatory information.
   • Rule Description: Enter a brief description for the rule. This is mandatory information.
   • Reconciliation Type: Select General Ledger to Product Processor or General Ledger to Management Ledger.
   • Definition Type: By default, it is set to Manual .
   • Legal Entity: Click the Hierarchy Browser icon to display the Hierarchy Browser window. Select the Legal Entity from the Available Values list and move them to the Selected Values list. While making a selection, you can use the CTRL key on your keyboard and click the required parent or child entity to make multiple selections. Click OK.
   • Consolidation Type: Select Solo or Consolidated. If you select Consolidated, only one Parent Legal Entity must be part of the definition.
   • Inherit to Child: If you select this toggle button, consolidation type defaults to Solo and is disabled.

     For more information on Inherit to Child, see the 'Key Terms and Concepts' section.

   • Balance Type: Select one of the following options:
     • End of Period Balance
     • Yearly Average
     • Monthly Average

   Note:

   The Yearly Average and Monthly Average balance types are not relevant for Management Ledger reconciliation.
   • Reconciliation Definition: Select the level at which the balances must be reconciled: GL Level Recon or Map Level Recon.
   • Adjustment Allocation: Push this toggle switch on if you want the application to pass an automated adjustment entry for any reconciliation difference found, else leave it at the default position of off. If left as off, then the reconciliation differences are calculated but adjustment entry will not be passed.

   Note:

   The Reconciliation Definition and Adjustment Allocation options are disabled for General Ledger to Management Ledger reconciliation type.

   Note:

   If you have created a rule without Allocation and you need to add Allocation, it is recommended you create a new rule instead of editing or copying the existing rule.
2. Click Next.