Individual Company data can be reconciled both in the IBM Controller Classic Client and IBM Controller Web. In Controller Web, the reconciliation is run by simply selecting the Reconciliation tab. You can run this reconciliation for the following data, where differences will be sorted by size:
Debit / Credit #
Trial balance reconciles to zero or set materiality.
Between Accounts #
Example Balance Sheet Closing Balances vs Movement Closing Balances reconcile.
Opening Balances #
Opening Balances reconcile to Prior Financial Year End Closing Balances.
Any differences are shown at both REPO – Reported Value and Company Journal levels.
Reconciliation errors can be quickly resolved at REPO – Reported Value Level. Select either the account code and description under Column A or B or select the amount under Column A or B that requires correction.
The code and name of the form or forms containing the account for correction will appear. Select the form and it will open for update. Once the amount is updated, the reconciliation will automatically update.