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Reconciliation

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edited Jan 25, 2024 7:09PM in Payables, Payments & Cash Management 1 comment

The business user tells us that on the recommendation of Oracle support (post-production) they are executing up to 175 bank accounts for reconciliation and that is where the executions that are being carried out come from because previously they were executing 200.Below is the little about the process of why it is done that way:

- Bank reconciliation is carried out daily.

- At the end of the month, a monthly reconciliation is carried out, to reconcile the pending items that have been left day by day, this reduces the volume of reconciliation since when doing it daily the items are smaller.

- At the end of the year, an annualized reconciliation is carried out in order to compensate for all those pending items throughout the year.

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