Introducing reconciliation rules
- 2 min.
Reconciliation rules are useful in situations where, for example, a bank account entry does not contain the standard identification information, and therefore a match can be hard to find in the reconciliation. With reconciliation rules, you can specify additional information on the ledger entry that can help Statement Intelligence to identify such a match.
For example, you can create a rule for a standard description that a bank always uses in the statement file, for example, when adding additional interests or fees. In the rule, you can define how the system should always handle a statement line, with that specific description, in the reconciliation.
It could also be that a customer fails to provide the document or customer number, but instead adds other information that Statement Intelligence can then use for matching.
There are five types of reconciliation rules:
- Bank
- General
- Bank Account
- Incoming payments
- Customer
- Outgoing payments
- Vendor
- Employee
In the following units, we'll go through how to set up each of these rules.