ARCS Transaction Matching: Splitting Clearing Account Balance (Unmatched vs In‑Transit)

We are using Account Reconciliation – Accounting Analysis with Transaction Matching to reconcile a Bank clearing account, and I would like to validate our understanding of how Oracle derives the balance components (Less Unmatched vs Less Matched In‑Transit) and whether our approach aligns with Oracle best practices.

Our requirement is to explain the clearing account balance based on Transaction process timing, specifically: Billed but not yet approved and Approved but not yet billed / posted to AP

We are using Transaction Matching between source data and GL/AP activity. Based on Oracle’s balance breakdown in Accounting Analysis, we have mapped the components as follows (renamed):