Progressive Matching enhances the effectiveness of AutoRec 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, oftentimes this process necessitates team members perform the task in chunks throughout the month — maybe even 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 an original Primary Source file and Secondary Source file to begin Reconciling Transactions. Now, users can continue uploading additional files throughout the period after the initial upload by clicking the “Upload” button within the FloQast AutoRec module.
Users can upload just one file or two files, as needed, to complete the reconciliation.
What should the additional uploads look like?
The uploaded files should be in the same format as the files that you previously uploaded to this account. You'll want to ensure that the format matches the settings you have specified.
The additional files uploaded can contain strictly new transactions, but you are welcome to include already-imported transactions on the file as well. There's no need to manually edit these prior transactions out of the file! If "repeat" transactions are included, AutoRec will ignore these for your convenience to ensure there are no duplicates pulled in. Only the new transactions will be taken into consideration.