Reconciliation Summary

Reconciliation Summary

What is Reco Summary?

Reco Summary is a section that provides a high-level overview of all unmatched and matched items identified during the reconciliation process.

Description of the screen

  1. Action Buttons

    1. Displays the next step dynamically based on the current status.
      1. Includes buttons like Send for Review, Review Done, Request Sign-off, etc.
    2. “Comment” and “More Actions” (like Generate Report, Edit Settings) are always available. 

  2. Info Section

    1. Shows details related to the Reconciliation.
      1. Details such as Reco ID, type, status, party type, and updated time.

  3. Message Box

    1. Highlights the current status and required next step (e.g. Review Pending, Reco Rejected).
      1. Example - If the status is Auto Completed, user needs to recheck and send for Review. (Refer Image)
    2. Gives a downloadable file if the user clicks on Generate Reconciliation Report.

  4. Reconciliation Summary

    1. Displays unmatched item summaries based on Documen Type
      1. Example - Invoice Difference, Payment/Receipt Difference, Opening Balance Difference, etc.
    2. Click "View" to see a detailed breakdown.

  5. Reconciliation Analysis

    1. The data after reconciliation gets divided into 4 parts
      1. Matched - The records that are matched by the system.
      2. Recommended Match - The records that are recommended by the system.
      3. Mismatch in Amount - The records which are classified as Mismatch in amount.
      4. Manually Matched - The records which are manually matched by the user.
      5. Unmatched - The records which are classified as unmatched.
    2. Provides insights by company and party percentages with a “View” action for more details in each category.

  6. User Details

    1. Lists who prepared, reviewed, and signed off the Reco, along with their designation, email, and timestamps.

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