5.6.1.3.1 Settings

To define the reconciliation rule in the Settings tab, enter or select the following details:
  1. Rule Name: (Mandatory): Enter a unique name for the reconciliation rule.
  2. Rule Description (Mandatory): Provide a brief summary or purpose of the rule.
  3. Reconciliation Type (Mandatory): Select General Ledger to Product Processor from the drop-down.

    Note:

    Currently, ONLY the General Ledger to Product Processor reconciliation type is supported in the DFCS setup. Other reconciliation types—such as General Ledger to Management Ledger, Management Ledger to Product Processor, and General Ledger to Policy—are not supported at this time.
  4. Definition Type: Default is set to Manual.
  5. Legal Entity: Click Hierarchy Browser, in the Hierarchy Browser window:
    • Select the Legal Entity from the Available Values list.
    • Move it to the Selected Values list.
    • Use CTRL + click to select multiple entities (parent/child).
    • Click OK to confirm.
  6. Consolidation Type: Select either Solo or Consolidated.

    Note:

    If Consolidated is selected, only one parent legal entity should be part of the definition.
  7. Inherit to Child: Toggle this option ON if you want the rule inherited by child entities.
    Selecting this will default Consolidation Type to Solo and disable editing. For more information on Inherit to Child, see the Key Terms and Concepts section.
  8. Balance Type: Select one of the following:
    • End of Period Balance
    • End of Period Balance LCY
    • Yearly Average
    • Monthly Average

    Note:

    The Yearly Average and Monthly Average balance types are not relevant for Management Ledger reconciliation.
  9. Reconciliation Definition: Choose the level at which reconciliation should occur:
    • GL Level Recon
    • Map Level Recon
  10. Adjustment Allocation:
    • Toggle this on to allow the system to post automatic adjustment entries when differences are found.
    • Leave it off if you only want differences reported (no entries passed).

    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.
  11. Click Next to continue to the GL Parameters section.