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Consensus essentially means agreement and compromise. It is used to mutually agree on the debit and credit balances of the current statements of the businesses. With current reconciliations, the parties check whether their accounts are maintained.

The Reconciliation Module used for E-reconciliation in Workcube is an Addon.

By using the reconciliation module on Workcube, a balance notification is made to the party business via e-mail. The party to whom the reconciliation notification is sent approves or rejects the sent reconciliation amount by making a comparison with the balance on its side. Approval and rejection transactions are monitored on the reconciliation module.

You can implement the process by performing the reconciliation process through an example. Let's observe

Process Type: Reconciliation, Current Reminder, BA and BS options can be selected.

Reconciliation: In reconciliation transactions, the balance amount and status (debit-credit) in the current statement from the day of reconciliation and the beginning of the fiscal year are taken as basis. After the reconciliation is created, an e-mail is sent to the relevant corporate account, allowing the balance to be approved and rejected.

BA: It creates the balance by adding up the BA Document totals registered in the system. It can be sent to the relevant customer for Approval and Rejection by e-mail. When the reconciliation is created, BA document quantities are displayed.

BS: Creates the balance by adding up the BS document totals registered in the system. It can be sent to the relevant customer for Approval and Rejection by e-mail. When reconciliation is created, IS document quantities are displayed.

Current Reminder: It is a similar process to reconciliation. When current reminders are sent by e-mail, they do not include an approval/rejection mechanism. It is sent only as a reminder.

Select Currency: All transaction types can be recorded as Transaction Currency and reconciliation e-mails can be sent in transaction currency. If the 2nd transaction currency is selected, the transfer is made with the 2nd transaction currency of the system. If transaction currency is selected, you can send with any currency registered in your system. When one of the Transaction Currency options is selected, current accounts are listed along with their balances in different currencies.

Which transaction currency is to be reconciled, check the box of the relevant line and click on the "Save" Button.

Note: Reconciliation E-mail. addresses are drawn from the e-mail field of the relevant corporate account.

After clicking the Save button, the relevant reconciliation is created.

On the screen that opens, the assistant and current statement of the relevant current account can be checked. To send an e-mail to the other party, check the box at the end of the line and click on the "Send E-Mail" button. In this way, a ready-made reconciliation template is sent to the relevant concubine. You can access and view this template by clicking on the print icon on the relevant line.

Note: The created reconciliations can be approved/rejected by any method other than e-mail. (For example, fax, face-to-face meeting, SMS, etc.) In such cases, by clicking on the approval and rejection icons on the left side of the Printer icon, you can view the approval and rejection status of the reconciliations without sending an e-mail to the other party.

If the reconciliation will be approved or rejected via e-mail, the e-mail sent to the e-mail address will be displayed as follows. :

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Confirm When you click on the and Reject buttons, you will be redirected to another page via e-mail. On the redirected page, you will be asked to fill out a short form according to the option selected in the e-mail (Approve/Reject options). Assuming that we approve the memorandum of understanding sent to us, we will submit a sample form. Let's fill it in.

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Related When the form is filled in and the "Send Balance" button is clicked, the information specified by the other party in this form can be viewed in the Workcube Reconciliation module. When a sample form like the one above is filled and sent, the reconciliation made in Workcube is automatically updated.

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Image from As can be seen, the "Approval Date", "Approved", "Approved Amount", "Approving Person", "Explanation", "Approval type" and "Approval Status" fields are updated. As mentioned before, these fields are filled in the form sent from the reconciliation e-mail. information.

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Same If the request is rejected, as above will appear.

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About Workcube Objects

Reconciliation

It is used to mutually agree on the debit and credit balances of the current statements of businesses. With current reconciliations, the parties check whether their accounts are valid or not. By using the reconciliation module on Workcube, a balance notification is made to the party business via ...

Type: WBO Version: Catalsyt v2 Licence: Add-On Author: Workcube Core

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