Information about the reconciliation process is available in the following apps:
- To monitor the matching status and reconciliation status for your specified reconciliation case, fiscal year/period, and organizational units, use the Manage Reconciliation Close app.
- For an overview of the reconciliation process, use the Manage Reconciliation Close app.
- For a more detailed perspective, use the Reconciliation Balances app.
Matching status is calculated based on the leading display group. For example, for the leading display group AR (accounts receivable) → AP (accounts payable), the number of Not Assigned items of a company is calculated with the following logic: all unassigned AR items of the company plus all unassigned AP items of its trading partners.
The YTD and period amounts for each organizational unit and all its partner units are displayed in the Reconciliation Balances report. To access the Reconciliation Balances report, in the Reconciliation Status Overview, choose the Details icon (>) for the relevant organizational unit data row.
In the following animation, see how to interpret the statuses in the Reconciliation Status Overview app.
The reconciliation close status, which is maintained in the Manage Reconciliation Close app, indicates whether period reconciliation is closed for a certain unit pair. The possible statuses are:
Open: The period is still open to receive data for matching and reconciliation.
Closed: The period is closed for data matching and reconciliation. As a result, no more matching runs are allowed and any new postings are not included in the matching process for the period.
Pending Approval: The request for reconciliation close has been submitted for approval and the approval workflow is yet complete.