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Clearing account reconciliation rules between awards and AR

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edited Mar 25, 2021 3:07PM in Project Management 4 comments

Summary

Seeded clearing account functionality configuration to allow for reconciliation by the system

Content

We are exploring enhancements to our environment and were looking at a better way to utilize the clearing account auto-reconciliation due to level of effort required to manually reconcile the clearing accounts associated with award billing.

Invoices that come from awards have revenue generated by the event in contract management, and then clearing accounts are used between contract billing and AR module. Due to the number of steps required to complete and transfer a billing event from contracts to AR, users forget to complete the process leaving balances in the clearing accounts. We would like to configure the clearing account rules such that these balances are reconciled by the system instead of a manual excel spreadsheet reconciliation. Issue is, there is not (to my knowledge) one reference that will tie billing events to AR invoices that

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