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summary reconciliation- Attribute

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edited Jul 16, 2019 2:10AM in Account Reconciliation

Summary

Need Help on summary reconciliation Logical Attribute

Content

Hi,

In our profiles\reconciliations we use attributes to define whether the account movement is ‘Material’ or not. 

 the logic we use to define whether the movement is ‘Material’ from one period to another is shown below.

This works as expected and defines reconciliations as ‘Material‘ if the movement is >= 1000000 and >= 10% of the prior periods ‘Source System Balance (Functional)’ value.

There are however circumstances where a summary reconciliation can have ‘Material’ child reconciliations which have both a positive and negative movement.

When the child reconciliations are consolidated to the parent this reduces the movement to ‘Non Material’ in the summary reconciliation.

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