ERP Cloud Financials Fusion – Cash Management Auto Reconciliation
Introduction
- Bank Statement Reconciliation
– Match Statement Lines and Transactions
– Automatic and Manual Reconciliation
– 1 to 1, 1 to Many, Many to 1 and Many to Many reconciliation
– Automatic Reconciliation Exceptions
- Benefits
- Automatically upload and reconcile statements
- Ability to generate external transactions for bank fees and other costs
- Use auto reconciliation when processing a large volume of bank statements or wanting
- to automate the reconciliation process.
- The Automatic Reconciliation program uses the reconciliation rule set assigned to the
- bank account to reconcile bank statement lines and system transactions.
- Cash Management provides the ability to automatically upload and reconcile
- statements, minimizing the need for manual intervention.
- Automatic Reconciliation or Auto reconciliation, is the most common process used for
- reconciling system transactions with bank statement lines.
For further ,Key Features to Highlight, Setup Data Required ,Best Practices
please review below doc
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