A sub-ledger reconciler feature was added for Release 10.0. Some of the benefits of providing this reconciliation feature is to automatically match transactions for users, and more importantly, to identify any transaction discrepancies between the sub-ledger and General Ledger. For example, the reconcile process could identify any Payables Management transactions that do not have a matching

transaction distribution line in General Ledger.

 

The reconcile process reduces the amount of time spent reconciling the Payables Management or Receivables Management sub-ledgers to General Ledger. This feature does not automatically fix imbalances between the sub-ledgers and General Ledger. The reconcile process will not automatically correct posted transactions, back out posted transactions, void existing transactions or create new adjusting transactions to balance the sub-ledger and General Ledger.