TEM Reconciliation

Instructions how to make reconciliation after each invoicing period between purchasing and invoicing transactions. This is for companies who are receiving both purchase and invoice transactions to TEM and who reconcile the transactions in TEM after each period. Reconciliation is made in webadmin with admin user rights.

 

Reconciliation – Reports – Reconciliation report

 

A) Run all open transactions with following settings 

1.  Unit criteria is 'Automatic'
2.  Card type for which the reconciliation is done (here Eurocard Company, could be f.eg Diners Travel Account)
3.  Status is 'Open'
4.  Description if wanted
5.  Reconciliation status = All
6.  In the end this can be saved with 'Save template' to use every month f.eg 'All Open EC transactions'
7.  'Run' when ready

 

 

B) Run Eurocard invoicing amount with following settings using correct month & year

1.  Unit criteria is 'Automatic'
2.  Card type for which the reconciliation is done (here Eurocard Company could be f.eg Diners Travel Account)
3.  Transaction date for the reconciliation period (here 01.02.2025-28.02.2025)
4.  Description if wanted
5.  Reconciliation status = All
6.  In the end this can be saved with 'Save template' to use every month f.eg 'Eurocard Invoice'
7.  'Run' when ready

 

Difference between report totals - report A) minus report B) - should match with bookkeeping balance on credit card interim account. 

It is the same account that is used behind payment method (credit card or travel account) that we are reconciling here.