Problem Statement:
Every month after running
transaction matching, users were left with few unmatched transactions which were
qualifying as reconciling items. For e.g. in control disbursement account,
outstanding cheques for a month are reconciling items for that month and should
match the GL balance.
Oracle ARCS does not provide the
out of box capability to convert these unmatched transactions into reconciling
items automatically.
Solution:
Our solution aims at facilitating
the movement of unmatched transaction to reconciliation compliance module in
ARCS, eliminating user intervention in the process, thereby resulting in complete
investment in automation.
This macro based excel utility is
developed to convert unmatched transactions in transaction matching to
reconciling items in reconciliation compliance in ARCS acceptable file format.
The Source file for the utility
will be the extract of unmatched transactions from the corresponding Matching.
Overview of Solution:
The execution of the utility is a 5-step
process which includes:
1. Export
unmatched transactions from Matching to prepare the Source File.
2. Click
"Convert to Reconciling Items" command button given against the Account Type in
the utility.
3. Select File
to select the source file, saved in Step 1.
4. Select the
Output folder & Output file name for the target file.
5.
Import the target file generated in Step 4 into
Reconciliation Compliance as adjustments on the corresponding Account Id.
