Introducting Reconciliation Mode for ReportExecutive
ReportExecutive has been enhanced with Reconciliation Mode to allow organizations to easily align monthly expense reports with their corporate credit card statement cycles. Reconciliation Mode changes the default ReportExecutive report creation logic to ensure only corporate credit card transactions are included in the automatically created expense reports.
Receipt images that merge to corporate card transactions will be included in the report. Out-of-pocket receipts and personal card transactions will be excluded.
Reconciliation Mode is available for all organizations and is part of the ReportExecutive configuration. Administrators will find the new setting under ReportExecutive Settings in System Configuration.
All other ReportExecutive settings will apply when Reconciliation Mode is enabled, including buffer days, exceptions by role, and notifications.
Once this feature is enabled, administrators can choose whether ReportExecutive will leverage the transaction date or posting date to determine if the item should be included in the report. Transaction Date is the default setting for ReportExecutive, regardless of the Reconciliation Mode setting.
Example
ReportExecutive is configured to build on the 24th of the month, with a three-day buffer period. The June expense report will be built on the 24th, with an expense report date range spanning May 22nd to June 21st.
A credit card transaction has a Transaction Date of June 20th and a Posting Date of June 23rd.
- If Reconciliation Mode is configured to add expenses to the report based on Transaction Date, the transaction in question will be included on the June report.
- If Reconciliation Mode is configured to add expenses to the report based on Posting Date, the transaction in question will be added to the July report.
Be sure to check out our Help Center article to learn more.