NetClose - Run Auto Reconciliations
Within the NetClose Reconciliation module is a feature that allows you to set auto-reconciliation rules for your reconciliations. Check out our Account Grouping Basic Configuration article for a guide on setting up auto-reconciliation rules. Automatic reconciliations will compare the reconciliation amount (pulled from your general ledger) to your auto-reconciliation rules and determine if your reconciliation should skip straight to being completed. If this happens, the reconciliation displays a status of "Auto-Reconciled" and explains the reason for the automatic reconciliation on the reconciliation record.
Prerequisites
Each account must be associated with an Account Grouping Rule. These rules set out the criteria for the auto-reconciliation function. The underlying account grouping must have at least one criteria for auto reconciliation checked. Reconciliations must be generated prior to running auto-reconciliations.
Step by Step
Navigate to NetClose > Reconciliations > Auto Reconcile. The list of generated reconciliations that need to be auto reconciled will be listed. Filter the list as needed.
Select all reconciliations or only specific ones. Click Submit. Click Refresh until the Execution Status says Complete.
Reconciliations that fit the requirements to auto reconcile will show a status of auto-reconciled. Navigate to NetClose > Reconciliations > Prepare Reconciliations to manually reconcile any reconciliations that did not auto reconcile.