Account reconciliation is the process of comparing internal financial records against your customers—to make sure they match up. The process of reconciliation ensures the accuracy and validity of financial information.
Financial reconciliations are often handled manually, making them time-consuming with a high risk of errors. e-Reconciliation automates the preparation and review of accounts during the reconciliation process. Typically, data to be reconciled is manually added to excel spreadsheets and this is done for all General Ledger (GL) accounts. e-Reconciliation automates this work by connecting to data in the Microsoft Dynamics 365 Finance and by running that data through predefined auto-reconciliation rules.