In this release, we are rolling out governance and usability enhancements as well as continued improvements in cash reconciliations:
- Export process configuration in PDF
- Show matching pass names for auto and partial matches
- Manual matching tolerance level for account groups
- Break individual cash transactions from roll-up
- Pending state for cash
- An explicit link between the cash transaction in tolerance matches and generated write off
- Showing exception age with 2 decimal places
Export process configuration in PDF
As part of system governance and auditing process, you may want to make a record of the reconciliation process configurations and share this with your auditors. This is currently possible by looking at the changes for each configuration request made through a staging copy. We have made this much simpler for you and you can now do this by exporting the configuration details into PDF: For generic processes you can choose to export the configurations used in a specific run. For cash reconciliations, it will always export the configurations used for the latest submission.
Show matching pass names for auto and partial matches
In a process with multi-passes, it may not always be clear which pass led to the auto-matches and partial-matches. Now this information is presented to you in both generic processes and cash reconciliations, so that you can easily identify the name of the pass that caused the matches.
You can of course hide this information, when choosing which columns to display for a process.
Manual matching tolerance level for account groups
We have added more controls in cash reconciliation processes, by allowing you to configure a manual matching tolerance level for each account group. If the net difference between the selected transactions from both sides is larger than the tolerance (absolute amount), then user will not be able to manual match them.
The tolerance level can be configured as part of account import using CSV file, and in Account settings.
Break individual cash transactions from roll-up
Occasionally you may have large unmatched roll-up with many transactions (e.g. from roll-up rule or manual netting), and you want to remove a few of them from it after investigation. Instead of breaking apart the whole roll-up, you can now select those individual items and break them from the roll-up, while keeping the rest in place.
Pending state for cash
In generic processes, reconcilers can move exceptions to Pending after their investigation and waiting for resolution. This is now available for cash reconciliation processes. While these items are no longer distracting the others to be investigated, they will be loaded for matching in next submission.
Link between the cash transaction in tolerance matches and generated write off
Write off transactions are created automatically when transactions from different sides are matched with a difference. The link between the adjustment and write-off transactions are now visible in transaction grids, as a clickable link. You can easily navigate from a write-off transaction to the match which it was created for, and vice versa.
You can of course hide this information, when choosing which columns to display for a process.
Showing exception age with 2 decimal places
For processes with exception workflow enabled, the exception age information is now shown with 2 decimal places to give you a better accuracy of how long it has been outstanding for.