Reconcile Checkbox - GL Account Code Combinations

Functionality of "Reconcile" in Oracle is mainly used by business to check reconciliation between there parking accounts which means debit and credit of a natural account which impacts is nullifying of entries.

Here we are taking an example of "Expense AP Accrual" Account which is parking account.

First we enable segment qualifier of  "Reconcile" to "Yes".

SAVE and Submit the below program for updating the impact at all Code Combination Level.

Check that it has been updated at GL Accounts Code Combination Form.

Now pass journal entries in which natural account is debited and credited.

After this we will go to Reconciliation Form as shown below

Here you can search with particular periods and particular combinations 

Click on the checkbox and then click on Reconcile Button.

After that you can all the reconciled entries with a standard program.

"Reconciliation - Reconciled Transactions"

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