Reconciliation

Step by step

1. Apply verified cash Accounting Preparer

   Accounting Preparer links a Verified cash receipt to an eligible posted document with the applied amount and date.

   • Receipt is assigned to a posted source
   • Updates Cash receipts, Cash applications, Accounting documents

2. Check application Accounting Reviewer

   Accounting Reviewer compares the receipt amount with all applications and inspects any reversal date.

   • Amounts and reversals are compared
   • Updates Cash receipts, Cash applications

3. Reconcile effects Accounting Reviewer

   Accounting Reviewer examines pending, failed or needs-review operation receipts against the effects recorded locally. Exact matches can be Completed; discrepancies remain needs review.

   • Exact effects are confirmed or flagged
   • Updates Operation receipts, Accounting documents, Journal entries

4. Inspect the overview Accounting Reviewer

   Accounting Reviewer uses the exception queue and posted totals to locate the next document or operation needing investigation.

   • Exception and ledger context are reviewed
   • Updates Accounting documents, Operation receipts, Journal lines

Accounting Preparer

Handles eligible cash applications; Accounting Reviewer verifies the resulting effects; Auditor reads the trail.