Clearing Accounts Reconciliation

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The following is intended to outline our general product direction. It is intended for
information purposes only, and may not be incorporated into any contract. It is not a
commitment to deliver any material, code, or functionality, and should not be relied upon
in making purchasing decisions. The development, release, and timing of any features or
functionality described for Oracle’s products remains at the sole discretion of Oracle.
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Oracle Financials Cloud Service
General Ledger
Clearing Accounts Reconciliation
R13.17B (13.17.05)
Anant Iyer
December 13, 2017
Agenda
 Overview
 Enable and setup clearing accounts reconciliation
 Automatic reconciliation
 Manual reconciliation and Reverse reconciliation
 Inquiry and Reports
Overview
Overview
 Use both automatic and manual reconciliation methods to segregate

mutually offsetting lines.
 Focus your attention on unreconciled lines that build up ending
account balances.
 Improve efficiency.
 Stay in compliance.
Enable and setup clearing
accounts reconciliation
Enable and setup Clearing Accounts Reconciliation
 Enable Ledger for clearing accounts reconciliation
 Enable natural account segment values for reconciliation
 Create Reconciliation Types
Enable ledger for clearing accounts reconciliation
Enable clearing account segment values for reconciliation
Manage Reconciliation Types
Create Reconciliation Types
A Sample COA & a Reconciliation Type
Chart of Accounts Company Cost Center Account Product
Values 01 000 00000 100

02 100 00001 200
03 200 …
99999
Reconciliation Type Definition
13
Copyright © 2017, Oracle and/or its affiliates. All rights reserved. | Confidential – Oracle Internal/Restricted/Highly Restricted
How Reconciliation Type Works
14
How Reconciliation Type Works
Exclusions
Reconciliation Types
Reconciliation processes
Automatic & Manual Reconciliations
Reverse Reconciliation
Reconciliation process
Automatic Reconciliation
Summary execution report
Manage Journals page – View Reconciliation results
Related Journal lines in a single set – Automatic reconciliation
1 Process: Reconcile Clearing
Accounts Automatically
2
3
4
5 Reconciliation result
Net of total accounted Dr /Cr = 0

Manual Reconciliation – Retrieve & select journal lines to reconcile
Manual Reconciliation
Posted journal lines

Account Accounted Reconciliation Reconciliation
Line# Combination Dr Cr Reference Status
Total 6,000.00 6,000.00
24
Related Journal lines in a single set – Manual reconciliation Manual Reconciliation Page
3 4

Cr 4,802.00
Dr 4,800.00
Diff 2.00
Update reconciliation reference information on unreconciled lines
Reverse Reconciliation
Before Reverse reconciliation
After Reverse Reconciliation

Enable Journal Lines for Clearing Accounts Reconciliation process
Posted historical journal lines
Summary report

Enable Journal Lines for Clearing Accounts Reconciliation
3
2
Inquiry and Reports
Manage Journals page – Drill down
Inquire on Journal Lines page
Unreconciled Transactions Report
12,500.00
Reconciled Transactions Report
Create OTBI reports
Audit report for France
Appendix
Implementation Steps and Key Decision Points
Feature Key Decision Steps
• Both the ledger and natural account segment values that are subjected to
reconciliation, must be enabled for clearing accounts reconciliation.
• Run the Inherit Segment value Attributes process to subsequently update
Enable Do you want to reconcile clearing
existing account combinations with the changes to the Reconcile attribute on the
Reconciliation accounts journal lines?
natural account segment values.
• Determine the level at which the reconciliation type will be defined. A chart of
accounts level definition will be applicable to all reconciliation-enabled ledgers
using the same chart of accounts structure. A ledger level definition is exceptional
Define What criteria determine how the related to the specific ledger.
Reconciliation Types “in” and “out” journal lines are grouped, • Select an appropriate account matching rule and then the specific segment
and their associated matched and reconciled? values in the Accounts Filter, to determine how the reconciliation process groups,
rules matches and reconciles related journal lines.
• Reconciliation start date determines the earliest accounting date of journal lines
eligible for reconciliation.
• Enable Journal Lines for Clearing Accounts Reconciliation process to make

posted historical journals eligible for clearing accounts reconciliation. The process
Enable journal lines Do you want to reconcile historical
updates journal lines that have neither an entered reconciliation reference nor a
for Reconciliation journal lines?
ledger that was previously enabled for reconciliation prior to posting the journals.
Setup Summary
• Enable Clearing Accounts Reconciliation for your ledger on Specify Ledger Options page
• Task name: Specify Ledger Options
• Navigation: Setup and Maintenance >Financials >Define Common Applications Configuration for
Financials>Define Ledgers>Define Accounting Configurations>Specify Ledger Options> Select the
ledger in the scope-> Enable clearing accounts reconciliation (check box) under Reconciliation.
• Enable Reconciliation for the reconcilable natural account segment values.
• Task name: Manage Values
• Navigation: Setup and Maintenance > Search for Manage Chart of Accounts Value Set Values task>
Manage values-> Select the specific natural account segment value and set the Reconcile = Yes
• Run Inherit Segment value attributes program (an ESS job).
• Navigation: Setup and Maintenance >Tools>Scheduled Processes>Inherit Segment value attributes
• Create Reconciliation types and their associated rules using the Manage Clearing Accounts
Reconciliation setup task
• Task name: Manage Clearing Accounts Reconciliation
• Navigation: Setup and Maintenance > Search: Manage Clearing Accounts Reconciliation> Add(+) to
create
Security
Privilege name Privilege Code Object(s) secured Duty Role Default Job Role
Manage Clearing GL_MANAGE_CLEARI Manage Clearing General Accounting Financial Applications

Accounts NG_ACCOUNTS_REC Accounts Functional Administrator
Reconciliation Setup ONCILIATION_SETUP Reconciliation setup Administration
task, Reconciliation
types and associated Period Close General Accounting
reconciliation rules Management Duty Manager
General Accountant
Reconcile Clearing GL_RECONCILE_CLEA Reconciliation Period Close General Accounting
Accounts RING_ACCOUNTS processing pages Management Duty Manager
General Accountant
Run Clearing GL_RUN_CLEARING_ Reconciled Period Close General Accounting
Accounts ACCOUNTS_RECONCI Transactions Report Management Duty Manager
Reconciliation LIATION_REPORTS Unreconciled General Accountant
Reports Transactions Report
Other existing reports where recon attributes have been exposed
The data models behind the following existing journal lines listing reports now contain the
ability to display reconciliation related information.
 General Ledger Account Analysis report

 General Ledger Journal and balance report
 Account Analysis for Contra Accounts report
 Account Analysis report
 Account Analysis by Legal entity
 General Ledger and Subledger Account Analysis report, and
 General Ledger and Subledger accounting by Journal lines report
Additional Resources
http://docs.oracle.com/cloud/latest/financialscs_gs/FAUGL/FAUGL1452583.htm#FAUGL1452576
- Clearing Accounts Reconciliation: Overview
Safe Harbor Statement
The preceding is intended to outline our general product direction. It is intended for
information purposes only, and may not be incorporated into any contract. It is not a
commitment to deliver any material, code, or functionality, and should not be relied upon
in making purchasing decisions. The development, release, and timing of any features or
functionality described for Oracle’s products remains at the sole discretion of Oracle.

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Safe Harbor Statement

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 Enable and setup clearing accounts reconciliation

 Manual reconciliation and Reverse reconciliation

 Inquiry and Reports

 Use both automatic and manual reconciliation methods to segregate

 Enable Ledger for clearing accounts reconciliation

 Enable natural account segment values for reconciliation

 Create Reconciliation Types

Chart of Accounts Company Cost Center Account Product

Values 01 000 00000 100

Reconciliation Type Definition

Net of total accounted Dr /Cr = 0

Posted journal lines

Total 6,000.00 6,000.00

After Reverse Reconciliation

• Enable Journal Lines for Clearing Accounts Reconciliation process to make

Manage Clearing GL_MANAGE_CLEARI Manage Clearing General Accounting Financial Applications

 General Ledger Account Analysis report

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