What are the different types of accounts that can be system reconciled in ART?

System reconciled accounts (SRAs) are captured and systematically signed off at the Preparer level by ART.  There are several conditions where an account will be captured for system reconciliation.  They are:

Rule #1: Zero balance accounts (with 0 balances).

Rule #2: Immaterial accounts - accounts that are below the established materiality.

Rule #3: Subledger matches to GL where the variance is below unexplained variance threshold.

Rule #4: Net Accounts where the variance is below unexplained variance threshold.

Rule #5: There is no change in the GL balance and unexplained variance from the last reconcilable period.

Not every rule may be turned on in ART.  Consult management or your ART system administrator to find out more.

You can review the list of SRA's each month and complete them quickly.  Here is how to do so for Preparers and Reviewers.