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Administrator Guide
Last Updated: 2023-06-23
Create Bank Reconciliation and First Notice Item Condition Rules

Create Bank Reconciliation and First Notice Item Condition Rules

Security:
Set Up: Bank Reconciliation
 domain in the Banking and Settlement functional area.
You can create condition rules for finding first-notice items and separate condition rules for matching bank statement lines to your account transactions.
  1. Access the
    Create Bank Reconciliation and First Notice Item Condition Rules
     task. Select either:
    • Bank Reconciliation Condition Rule
      .
    • First Notice Item Condition Rule
      .
  2. Assign a meaningful
    Description
     for this condition rule.
    This description displays in prompts when you select from available rules.
  3. Define each condition for the rule:
    Option Description
    Source External Field or Condition Rule
    The source data for which you are defining a rule condition. You can select from delivered Workday sources, or condition rules and custom worktags that you've already defined.
    Relational Operator
    Select how you want to compare the source data to the next value in your condition. The options depend on the data type of the source.
    Comparison Type
    Specify whether the source is to be compared to another field or to a value that you enter in the
    Comparison Value
     column.
    Comparison Value
    Either select a comparison field or enter the value to be compared to the source.
    Order
    Workday evaluates conditions in the order you specify.
    ( )
    Use parentheses to group one or more conditions together.
    For example, to say
    (a and b) or c
     use the opening parenthesis at the beginning of statement
    a
    , an
    And
     before statement
    b
    , a closing parenthesis at the end of statement
    b
    , and an
    Or
     at the beginning of statement
    c
    .
You can use calculated fields within condition rules to calculate the number of days between the operational transaction date and the bank statement date to see if the result is within an expected number of days. You can also calculate the difference between the operational transaction amount and the bank statement line amount to see if the value falls within a certain tolerance range.
You are now ready to create reconciliation rules with these condition rules. To find relevant rules, you can run the
All Condition Rules
 report, and specify
Bank Statements
 for the
View Condition Rules used as
 field.