FloQast AutoRec now provides users with the ability to automatically include outstanding transactions from the prior period into the current period's reconciliation!
When users are uploading source files in a given period, they can choose to roll forward outstanding transactions from the prior period. FloQast will include those outstanding transactions from the prior period with the new transactions being uploaded for reconciling. Previously, users had to copy the outstanding transactions from one period into their upload file for the next period, so that the outstanding transactions could match to new transactions in the next period. For your convenience, FloQast can now perform this function for you.
Where do I choose to roll forward my outstanding transactions?
When you upload your source files for a particular month, you will be offered a checkbox to "Pull in outstanding transactions from prior period." Checking this box will roll forward any outstanding transactions from last month to the month you are currently uploading files for.
Note: Note: If there are no outstanding transactions from the prior period, then the option will not be presented and you will see the first memo below. If you are adding new files and have already rolled forward the prior period's transactions, then you'll see the second memo below.
What happens to the prior period after I rollforward its transactions?
Once you have rolled forward all transactions, the prior period will show as "locked" as pictured below. You will no longer be able to create new matches in this period since all transactions have been rolled forward to reconcile in the next month. Your AutoRec results can still be exported, of course!
If you need to unlock the prior month then you must first reset the AutoRec results for that account from the current period.