Steps: Define Bank Reconciliation and First-Notice Item Rule Sets
We plan to retire the bank reconciliation
rule functionality in a future update. Workday recommends that you use the new matching
rules for a more streamlined bank reconciliation.
Workday can automatically compare bank statement entries to your operational transactions and
search for matches based on rules. You can configure condition rules to check for matching
entries based on source values in logical statements. You can then specify the condition
rules in reconciliation rules, which include the reconciliation reason and the action to
take.
- Configure bank reconciliation rules and rule sets to use for automatic bank reconciliations.
- Configure first-notice item rules and rule sets to use for automatic bank reconciliations and first-notice reconciliations.