Automatic Reconciliation

Automatic Reconciliation

Connections On-Premise | Applicable from version: 2.1.0.105 | Revision: 1

Automatic reconciliation allows user to quickly reconcile invoices or credit notes in the reconciliation module of SupplierConnect. This speeds up the process of matching invoices to deliveries. 

Process:

1. Run the Auto Match feature within Reconcile Invoices module

2. Right click on any invoice

3. Select Auto Reconcile option

4. Select one of the three options:
A) Full Match (100%) – this option reconciles only invoices that match to 100%. These are only the ones with a green tick indicator.
B) Total Match (no price value difference) – this option will reconcile all invoices that have no difference on overall value of the invoice no matter if differences on line items or if suppliers different.
C) Totals Match within Tolerance – this option allows user to specify a value of tolerance on overall invoice value e.g. if 0.50 is entered than all invoices with overall difference of €/£ 0.50 will be reconciled.

5. Confirm any warnings that might appear i.e. for any differences or supplier mismatches