Introducing reconciliation rules

Reconciliation rules are useful in situations where, for example, a bank account entry does not contain the standard identification information, and therefore a match can be hard to find in the reconciliation. With reconciliation rules, you can specify additional information on the ledger entry that can help Statement Intelligence to identify such a match.

For example, you can create a rule for a standard description that a bank always uses in the statement file, for example, when adding additional interests or fees. In the rule, you can define how the system should always handle a statement line, with that specific description, in the reconciliation.

It could also be that a customer fails to provide the document or customer number, but instead adds other information that Statement Intelligence can then use for matching.

There are five types of reconciliation rules:

• Bank
• General
• Bank Account
• Incoming payments
• Customer
• Outgoing payments
• Vendor
• Employee

In the following units, we'll go through how to set up each of these rules.