IJSRSET152255 | Received: 14 March 2015 | Accepted: 19 March 2015 | March-April 2015 [(1)2: 156-158] Themed Section: Engineering and Technology 156 Reconciliation Management System Monica Preethi K K , Kavitha M, Revathi K Department of Computer Science and Engineering, Dhanalakshmi College of Engineering, Chennai, Tamilnadu, India ABSTRACT Reconciliation refers to the process of comparing two organizational transaction accounts to ensure that the two records are in agreement. Accounting Reconciliation process is used to ensure that the money withdrawn from an account matches the actual money deposited. This is handled by making sure the balances match at the end of a particular accounting period. Reconciliation must be performed for all the balance sheet to display the financial records reliability. This paper discusses the Reconciliation using RTGS transaction and on comparing the two records the odd transactions will be highlighted and displayed out with the help of the GHIC (Greedy Hierarchical Item Set-Based Clustering) algorithm. Keywords: Transaction, Reconciliation, Algorithm-GHIC (Greedy Hierarchical Item Set-Based Clustering). I. INTRODUCTION In banking sector the manual calculations between the transactions are really a heavy work and also very difficult to maintain the accuracy of the project. The process of finding the status of the required transaction from the huge large amount of transaction is really impossible. In section II, we are discussing about the today’s management criteria of transactions with the clear explanation of the difficulties that are faced by them along with the reason for the actual enhancement of the process. In section III, the advantages of the new enhancement and the usage of the GHIC clustering algorithm and the beneficial of its usage are discussed deeply. It also defines the structure, behaviour, and more views of a system transaction process and it also gives the formal description and representations. In section IV, the results that are obtained from our discussion are explained deeply with the help of our enhanced algorithm and survey. II. METHODS AND MATERIAL A. Existing Transaction Process In banking sector there exists two kinds of inter-bank transactions such as NEFT (National Electronic Fund Transfer) and RTGS (Real Time Gross Settlement) where both the systems are maintained by RBI (Reserve Bank of India).In NEFT, operations are on a Deferred Net Settlement (DNS) basis which settles transactions in batches only at a particular transaction timing. If any transaction occurs after the limited time then the fund transfer process should wait till the start of next transaction slot [1]. In NEFT there is a maximum limit for the amount to be transferred. The RTGS are primarily meant for large value transactions where the transactions are settled individually. It is defined as the continuous (real-time) settlement of funds transfers individually on an order by order basis (without netting). Existing transaction the returning of funds need to wait till the next transaction slot starts [2]. So to avoid the waiting time of the transaction and to enhance the accuracy of the process we go for the advanced method which is the reconciliation mechanism using the RTGS system. B. Reconciliation on RTGS This paper includes the concept of Reconciliation using RTGS system. This method guarantees the accuracy of the final report which is obtained as the output of comparing two different transactions of two different organizations. The report which is used for comparison will contain various fields and among that field one of them will be a primary key i.e., they can be user id which is unique for all users [3]. On comparing the © 2015 IJSRSET | Volume 1 | Issue 2 | Print ISSN : 2395-1990, Online ISSN : 2394-4099