Progressive Matching

Progressive Matching enhances the effectiveness of Matching by allowing busy accounting teams to work on reconciliations throughout a given month, instead of all at once. Given the volume of transactions that many businesses face, often times, this process necessitates team members perform the task in chunks throughout the month — often daily. This helps reduce the stress on employees managing the reconciliations and improves their efficiency overall.

How does Progressive Matching work?

FloQast users will still upload their initial primary and secondary source files to begin matching transactions.  After the initial upload, users can continue uploading additional files throughout the period by clicking the “Add” button on the match transactions page. Once additional files are added, FloQast will take into consideration any new transactions and search for matches with the current unmatched population.  Note that transactions previously marked as completed matches will not be taken into consideration.  

Users can upload just one file or two files, as needed, to complete their reconciliation.

What should the additional uploads look like?

The uploaded files should be in the same format as the original files.

The additional files uploaded can contain strictly new transactions, or a combination of already-imported transactions and new ones. If "repeat" transactions are included, FloQast Matching will ignore these for your convenience, and and only the new transactions will be taken into consideration.