4.3.1
2025-04-20
Account reconciliation
The account reconciliation process is a business process that is responsible for ensuring that the financial records are accurate and up-to-date. To achieve this the starting and ending balance for a given year are compared and any discrepancies are resolved.
Required variables
The following variables are required to be set in the process:
-
accountId, the identifier of the account to be reconciled. -
startDate, the start date of the reconciliation period. -
endDate, the end date of the reconciliation period. -
openBalance, the opening balance of the account at the startDate. -
endBalance, the closing balance of the account at the endDate.
The business process
Below is a business process model for the account reconciliation process.
User task: task_reconcile_before
This task will be triggered when the openBalance does not equal the computed balance at the startDate.
It indicates that the previous year must be reconciled before the current year can be continued.
Closing this task will re-calculate the balance at the startDate.