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Introducing Aico Account Reconciliation

Modified on Wed, 23 Nov 2022 at 09:55 AM

The Aico Account Reconciliation solution is a web-based application which automates the substantiation of the closing balances of General Ledger accounts.

The end-user process typically consists of the following phases:

  • Access account reconciliation documents in Aico and perform the required actions for each item.
  • Depending on your user role, follow up the workflow, reconciliation and task statuses.
  • Monitor unreconciled accounts, unreconciled balances, aged items, and bottlenecks.
  • Run reports.

This section will go through the following tasks:

  • Adding appropriate explanations (comments or attachments) to the closing balances.
  • Creating journals manually from individual lines
  • Creating clearing postings
  • Monitoring account reconciliations using dashboards
  • Creating and customising your own dashboards and lists

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