Reconciliation Exceptions
Reconciliation exceptions are discrepancies identified during the reconciliation process that require investigation and resolution. They occur when matched records have differences in amounts, dates, or other attributes, or when transactions cannot be matched at all.
Key Details
- Exceptions are categorized by type: amount variances, timing differences, missing transactions, and duplicate entries
- Exception management workflows route items to appropriate reviewers based on type, amount, and priority
- Resolution involves investigation, adjustment entries, write-offs, or escalation depending on root cause
- Exception metrics including volume, aging, and resolution time are key indicators of reconciliation health