Check your knowledge

• 3 min.

1. What are reconciliation rules?
A set of rules you follow to be sure not to break the laws of reconciliation.
A set of guidelines that help you perform the reconciliation as fast as possible.
A set of rules that is used when no automatic match can be found.
A set of rules from the bank that must be followed to get the statement files.
2. What is the automatic match based on in the reconciliation?
The automatic match is based on the reconciliation rules.
The automatic match is based solely on the date.
The automatic match is based on UPR, date or amount, but also vendor/employee/customer number, and search name.
The automatic match is based on whether the first bank statement line matches the first bank account ledger entry.
3. Which of the following is not a type of reconciliation rule?
Bank account reconciliation rule
Employee reconciliation rule
Payment reconciliation rule
Customer reconciliation rule
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